We provide heavy industry with precise material, asset, and parts tracking and inventory management.
Our platform solves inefficiencies in inventory management by utilizing RFID tags and GPS for real-time tracking and operational visibility.
The Problem
The mining industry is struggling with materials, assets, and parts inventory management.
This is a multi-Billion dollar problem of inefficiency and inaccurate data
- resulting in downtime and significant losses
Demand Planning
- Inaccurate SOH and location data
- Suboptimal inventory levels
- Production downtime prevention
Data & Analytics
- Min-Max SKU level set
- Locating inventory
- Reliable parts data
Policy, Governance & Monitoring
- Squirrel store optimization
- SOP adherence
- Inventory visibility
Production machinery downtime
"Mining, metals and other heavy-industrial companies lose ~23 hours/month, equating to 1.2 million hours a year across the sector. At$187,500/hour, this adds up to $225 billion annually."
Source: What's the True Cost of Machine Downtime?
How the problem manifests
In a cycle of inefficiency, inconvenient SOPs feed problems down the process.
Challenging environments promote a path of least resistance.
This must be accepted and managed.
Our solution
Key Features
Digital Twin
Initial alignment of SOH with master data view of warehouse
Auto Stock-check
Wave the tablet over shelving to detect stock items
GPS Check In
An active tag experience with passive tag accessibility. Track materials and assets in remote locations using GPS Check In
Offline Mode
Operates in hard to reach places where stock can be stored even if out of wifi area
RFID/Mobile scanner
Update all inventory events as they happen at the location of event
ERP Integrated
Waving tablet over stock directly updates the ERP
Digitize all operations
View digital machinery manuals, pictures of stock items, digital signatures for authorised events, find lost items, digital POs, WO integrations etc.
Benefits
Financial Savings
Avoid Downtime
- Prevent DOWNTIME due to parts shortage
- Predict maintenance schedules and procure adequately in advance
Optimize Procurement
- Reduce overstocking
- Reduce last minute 'hot shots'
- Bulk purchase for specific parts, with each supplier and across mines
Digital Twin Exact Inventory
- Rightsize your balance sheet
- Free-up working capital
- Recover parts that were not properly inventorized
- Write-off parts that are no longer relevant to your inventory
Time Savings
Reduce Manual Processes
- Automate manual processes like goods received and attaching parts to work orders
- Reduce time performing stock reconciliation
Find Parts Instantly
- Location accuracy reduces time to search for parts
- Find lost parts using RFID radar function
- Know exactly where materials and assets are in the yard using GPS
