To help address these pain points we’ve used this insight, customer feedback and our experience, to develop unique spend control solutions, which puts buying in the hands of multiple users, while retaining the ability to track spend and generate data for reports that can inform future purchasing decisions. This, when combined with our managed inventory solution - ScanStock™ - to reduce off contract spend, control pricing and reduce stock on site, can help you achieve optimum efficiency.

Our customer sales data indicates that across the mechanical and pneumatic product areas, the average unit sale price is a little over £16. With many smaller bearings, other mechanical parts and pneumatic fittings all being low cost, while frequency used, creating numerous low value purchasing activities with relatively high transactional costs.

Implementing our ScanStock™ managed inventory solution will help both reduce operational costs and deliver efficiencies, as well as addressing challenges within your stores and inventory management, such as:

Inventory mis-management due to lack of control or no clear ownership of stores.

Engineering inventory kept in a single location, meaning it can be a significant distance from point of use.

Operations and engineering staff ‘booking out’ more than they need for the task to create their own ‘squirrel stock’, meaning total inventory investment is much greater than is required.

Limited reporting – many organisations purely transact re-stocking orders and fail to track who or what the parts or consumables are used for.

To find out more about our ScanStock™ inventory solution or to start a conversation with one of our ScanStock™ implementation team click here to visit our information page.