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54 Matrix Inventory Management Systems Matrix Cabinets The Matrix family of automated tool dispensers powered by our unique management software can help you: ► Drives down costs By measuring and controlling the deployment of your cutting tools, you will recognize enormous cost savings. Typically you can save 10-30% of your tool spend by implementing continuous method improvement, reduced stock, less waste and a leaner system that automates mundane tasks performed manually. ► Guarantee product output Priority #1 is to keep your machines working and to minimize down time. Idle production creates huge costs for business, both in terms of delayed and cancelled orders, and the freezing of machine and human resources that are waiting for cutting tools to arrive. MATRIX keeps your production moving and dramatically reduces the risks of stock outs. ► Optimize stock levels Simply stated MATRIX achieves MAXIMUM availability with MINIMUM stock. Excess and dead stock is common where guess work rather than an empirical calculation of stock levels is practiced. Most production plants are working with 10-40% excess or dead items on their shelves, tying up scarce capital resources at best or creating huge hidden losses for your business. MATRIX deploys a clever logistics model that factors in lead time, usage and frequency to optimize stock levels. Calculations are updated monthly to keep all parameters current and in line with changes. The system allows you to tweak for special cases and apply specific parameters that can compensate for temporary spikes in demand. ► Streamline purchasing The frequency of orders, number of order lines and manual counting of stock that cannot be located or is unreported, influence the cost and time required to prepare orders for suppliers. MATRIX can literally slash purchasing costs by up to 50%. The automated purchasing module built into the software can turn the daily ‘last minute’ orders into a controlled weekly process that takes barely minutes to complete. Where needed MATRIX can transfer stock data to an ERP system for issuing orders and reference ERP orders during the receive process. ► Control cost per unit (CPU) Benchmarking the actual cost of cutting tools per production unit is the foundation for good cost control and continuous improvement. MATRIX not only calculates CPU and tool life, it can also alert you automatically when a tool is underperforming, in order that you may initiate an appropriate investigation and preventive action. ► Select the right tools for each job Whilst this is so basic to good production floor management, it cannot happen without a mechanism to limit access only to tools approved for a specific job. MATRIX can control the issue of items by job and part, so that you avoid the risk of using the wrong tools and risking damaged or scrapped parts. In industries where process cannot be compromised, MATRIX is a must. Tel - 905 597 7705 | Fax - 905 597 7715 | www.valcarb.com Tool Management Systems