Maintenance, Repair, Operations: Strategic Spending

BinMaster sensors and inventory management software bring technology improvements with a quick return on investment. Besides replacement parts, companies are able to budget for future needs—including inventory management systems for new bin, tank, or silo installations.

“It’s a good idea to check in with us at the end of the year,” said Nathan Grube, BinMaster Vice President Sales, Central Region. “We’ll look at ways to get ahead of supply chain delays and review how to be strategic with your bulk material management.”

Manufacturing is projected to be the fastest-growing MRO segment due to increased spending on Industry 4.0 and digitization. Spending often results in a significant return on investment through improved supply chain management, boosted productivity, and lower operating costs.

Recently, customers with tank, bin, and silo-level sensors have been considering MRO spending earlier in the year, Grube said.

“People realize the importance of a tight bulk inventory system, especially with supply demand and shortages in the past few years. Our customers want resilience. They want to lower the risk of production stoppages. Nowadays, that`s more important than just-in-time spending philosophies.”

According to Supply Chain 24/7, manufacturers who traditionally focused on lean principles have experienced supply shortages—especially in the past two years. They said risk-averse MRO strategies help ensure a continuous supply of bulk materials and availability of parts.

• Better Efficiency
• Lowered Costs
• Competitive Advantage
• Reduced Inventory Expenses
• Improved Productivity Planning
• Lower Repair Costs and Delays
• Reduced Transportation Expenses
• Increased Capital Efficiency
• Return on Investment from Improved Service