Cost savings
Increase your efficiency and save costs in all your operations
Toolsguard solutions improve your organization and management of indirect materials, consumables and tools, which translates into operational savings. Although each client is different, our experience shows they all have similar sources of cost reduction and Toolsguard developed multiple solutions to put them into action.
When we talk about cost reductions, we make a distinction between reductions in tangible costs (direct purchases and stock savings) and intangible costs (improvements in productivity).
Efficient stock management
- The software learns from the company’s history of consumption and uses of tools, adjusting purchases and stock needs.
- The system proposes automatic transfers to level the stock in each operation.
- Reducing stock increases turnover and reduces storage costs.
- The reports and alerts of use by employee limit the quantity necessary for the work, reducing incorrect use and waste of resources.
- Tracking tools increases the management responsibility of employees and reduces theft.
Implementing Toolsguard solutions generates a reduction in stock between 20% to 40% and a reduction in consumption of supplies for maintenance, repairs and operation between 10% and 20%.
Improvements in productivity
- Keeping each tool in their assigned location reduces search times
- Unmanned warehouses and automatic transactions free employees to work in allow employees to concentrate on production. With our solutions of controlled access to tool rooms, it is possible to increase control without increasing costs.
It is also possible to reduce time wasted searching for tools between 15% and 40%.
Stock recovery
Workers often check out more products than they need, to avoid not finding them later. Recovering these stocks from shops, plants and worksites can have a significant effect on cost savings.