$210K Savings with Tool Management Overhaul
Challenge
A custom-engineered plastic and metal tooling manufacturer struggled with tools scattered across multiple locations, leading to wasted time searching for parts, overstocking, and inefficiencies.
Solution
Martin Supply took over tool management, implementing a custom vending system that provided full visibility into tool locations and usage. The system streamlined tool access and allowed managers to track usage and optimize inventory.
Results
The new tool management solution saved the company $210,175 annually by cutting search time by 120 minutes per day and reducing inventory costs by $30,000. This boost in productivity and more efficient operations significantly improved overall workflow.
Key Takeaways
Time and Productivity Gains: Martin’s custom vending solution cut daily search time by 120 minutes, streamlining tool access and boosting productivity across operations.
Significant Cost Savings: The improved tool management system saved $210,175 annually, including a $30,000 reduction in inventory costs, highlighting the financial benefits of optimized inventory control.
Enhanced Workflow Efficiency: With full visibility into tool locations and usage, the company achieved smoother workflows, reducing inefficiencies and supporting better overall operations management.