Smart, connected inventory management fuels more efficient service teams
To address the frustrations associated with lost tools and provide a way for users to completely customize the experience they have with their tools, Milwaukee Tool developed the first digital platform that can communicate directly with tools.
Cloud-based solution allows contractors to program tools and inventory from a mobile app; promotes connected service environment.
How often does your service team misplace a part or tool in the field? Worse yet, how many times do technicians show up onsite without the parts they need to complete a repair or PM? Those lost or forgotten parts can become costly burdens for service teams: the return trips, the unbilled parts, the replacement costs.
We wanted to see how new system can connect parts, tools, and inventory could help service organizations increase revenue by reducing truck rolls, keeping tools performing at top levels, and eliminating inefficient paper methods of tracking inventory.
Benefits of connected inventory management
As a dynamic service company, you're in charge of managing an abundance of parts and inventory, often dispersed across multiple warehouses. Service software with mobile makes that process simpler by keeping track of what you have in stock, who has what parts, and what you need to order.
Users can connect to a tool and set it up for the work they do. They can create custom performance profiles, save it to the tool, and go to work knowing they will have the most control over their application as possible. Through inventory management, tool reporting, and tool control, contracting companies and their contractors in the field, will be able to track and customize the tools they use every day to better address their specific needs while on the jobsite, which will make contractors much more efficient.
Milwaukee Tool manufactures and delivers solutions to companies in a variety of industries, including construction, service, heavy equipment, electrical, and plumbing. It's app delivers cloud monitoring solutions for companies in any industry that uses power tools. Here are some concrete examples of how the connected solution works on the job.
- Construction: Construction companies will find the inventory management feature beneficial as they track inventory and assets. The app allows the company to keep all of their important information in one place rather than juggling excel spreadsheets or pen and paper to manage inventory. Users can keep detailed records of all inventory to easily build a budget and manage annual spend of equipment. The app enables instant and easy information sharing between the field and back office by assigning locations and owners to each inventory item.
- Heavy Equipment: Professionals handling heavy work need power and speed, but often that excessive power can make it hard to control effectively; this can lead to breaking off screws, damage to materials and other frustrating rework. By giving users the ability to customize their tool's speed and torque settings, Milwaukee Tool puts the power in their hands. Advanced electronics inside the tool monitor its output, offering unmatched control and consistency with every trigger pull.
- Electrical contractors: Electrical contractors will find the tool reporting features beneficial as it will allow them to upload data and history to create custom reports that track the success and timing of electrical terminations. Using this information to guide installations and service work, electrical contractors can become more efficient while making their customers more efficient.
- Joanna Rotter is a content marketing manager at MSI Data. This article originally appeared on www.msidata.com. MSI Data is a CFE Media content partner. Edited by Erin Dunne, production coordinator, CFE Media, firstname.lastname@example.org.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey