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Applied Storeroom Management
Storeroom Management
What Does Your Storeroom Cost You?

Are your MRO parts scattered everywhere? Do you frequently find obsolete parts? Are there too many of one part and not enough of another? Then your storeroom could be costing you more than you think.

Applied Industrial Technologies has developed our Storeroom Management program to help you efficiently identify, organize, stock, track and deliver more than 1.5 million line items when you need them. Storeroom Management is your cost-effective inventory management solution that enables you to cut costs associated with maintaining and issuing spare MRO parts.

 
Asset Management Solutions

Cut operating costs and control assets with Asset Management Solutions through Applied Industrial Technologies.

Bar coding and automated dispensing system technologies bring control to your distributed inventory so you know where your assets and consumables are at all times. Managing inventory with these types of systems reduces replacement MRO supply costs and time spent searching for supplies by securing distributed inventory and offering accountability of assets. Applied Industrial Technologies provides the asset management solutions and the MRO supplies you use most to stock them.

+ Multiple Solutions for consumable and asset management

  • Cabinets
  • Lockers
  • Vending Machines
  • Point of use Dispensing Systems
  • Bar Code Scanners

+ Automated Dispensing Systems Deliver Cost Savings & Results

  • 20-40% reductions in spend when adding control to distributed inventory
  • Reduction in on-hand inventory levels by 20-30%, increasing turns and effectiveness of working capital
  • Elimination of unaccounted tool loss
  • Reduction in procurement costs through automated ordering and inventory alerts to avoid stock-outs and associated expedite charges
  • Improved workforce productivity by eliminating time away from work area

+ Automated Dispensing Systems Manage a Range of Commodities
  • Cutting Tools - inserts, drills, taps, reamers, etc.
  • Electrical - connectors, sensors, batteries, transformers, etc.
  • Personal Protection Equipment - gloves, glasses, aprons, helmets, face shields, respirators, etc.
  • Power and Hand Tools - drills, sawzalls, socket sets, sanders, pliers, wrenches, calibrated instruments, etc.
  • Other - welding, abrasives, laptops, janitorial supplies, office supplies, adhesives, fasteners and much more
  
 
Committed to adding value through our Storeroom Management and Asset Management Solutions, Applied Industrial Technologies can help you integrate an automated dispensing solution into your operation. For more information, contact us.
     
 
As part of our storeroom management program, Applied employs inventory optimization processes designed to help reduce your operating costs and maintain sensible, efficient inventory levels.

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Min/Max Review
  • Regular review of customer Min/Max stock levels to ensure optimal inventory levels on customer shelves
  • Based on ongoing review of sales history, Applied makes recommendations to adjust Min/Max levels to optimize inventory performance
  • Following a Min/Max review, Applied personnel work with our customers to identify surplus inventory that may be eroding our customers profitability

Inventory Rationalization
  • Designed to optimize inventory investment in spare parts
  • Ensure proper on hand stock levels and re-order points & quantities
  • Reduce functional equivalents

Surplus Reduction
  • Dispose of excess or surplus inventory at customer site once inventory stocking requirements can be adequately determined (per inventory rationalization)
  •  Applied has developed a condition based (A/B/C/D) buy-back inventory reduction program that governs the price paid for any items being removed from inventory

Inventory Standardization
  • Reduce the number of manufacturers providing products within a given product group
  • Standardization on common brands is a necessary step in working to deliver enhanced cost savings, improved inventory support, extended price protection, improved technical support and additional manufacturer commitment
  • The Applied standardization program ensure that technical and commercial criteria are fully reviewed with our customer’s key personnel to fully present brand/manufacturer options and related savings for each

Critical Spares Management
  • Critical spares management through Applied provides a listing of our customers critical spares and highlights the availability, location and lead-time for procuring those items
  • Products deemed as “critical” to the operation of our customers business can be stored the customer site, at the appropriate Applied servicing location, or at other locations as required
  • Parts identified as critical spares may become candidates for our committed inventory program
  • Completing this step will help establish stock locations for these items, whether it’s in-plant or through Applied

Committed Inventory
  • Critical spares that are to be stocked by Applied are assigned to our committed inventory program
  • Held by Applied for the exclusive sale to a particular customer
  • This program carries the benefit of guaranteed availability – 24 hours a day, 7 days a week, 365 days a year
  • Designed to reduce inventory requirements of key parts and components on our customer’s sites, effectively reducing inventory carrying costs
  • All committed inventory is approved by both parties, fully documented and reviewed on a regular basis