Distributors Unlock the Value of Tail Spend with ACTYLUS Smart Bin Systems from Apex | Fastener World

Article by · 2016/11/08 ·

By automating vendor managed inventory (VMI) programs, ACTYLUS brings a new level of automation to a previously inefficient and expensive process once accepted as being part of a company’s tail spend.
Consider industrial fasteners, for example. It is estimated companies will spend as much as $81 billion globally on industrial fasteners by 2018. Despite this sizable expenditure, this purchase involves little more than a company getting three distributor bids before buying the cheapest option. And the replenishment process is usually manual, requiring trips to count bins before refilling them. (…)

Distributors Unlock the Value of Tail Spend with ACTYLUS Smart Bin Systems from Apex | Fastener World