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Many well reputed companies have deployed the 2 Bin Kanban system in their manufacturing facilities. This simple system employs two bins to manage small but critical raw material inventory on the assembly line. Parts are supplied in this pull system through two rotating bins. The technician pulls parts from one bin till it is empty and then switches to the second bin. The empty first bin triggers an event that causes the bin to be replenished. Often, manual labor is used to look for empty bins on the line. A ‘runner’ periodically moves through the lines, picking up the empty bins and transporting them to the warehouse for replenishment. Some
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Surging demand from 3PL companies, and a rise in IoT and logistics 4.0, are spurring worldwide growth in the asset tracking market. Logistics 4.0 helps businesses acheive greater operational efficiency and facilitates decision-making in complex environments, while real-time monitoring of goods helps improve the quality of services and avoid theft.
Wireless asset tracking gives businesses more control by providing an efficient, constant and remote way to locate and monitor assets in real time.
One of key responsibilities in asset management is to ensure that all items are stored in the optimal conditions in terms of light, humidity, temperature, and other environmental factors.