Inventory management on the factory floor is a tremendous area of lost opportunity for organizations to realize a direct effect on the bottom line profit and customer satisfaction. Yet, for many manufacturers, this is an area that is often viewed as a chasm that consumes finances and resources. The partnership between Aegis and Inovaxe eliminates that chasm, thereby driving out cost and inefficiencies that can now be redirected to growing the business. The Inovaxe product line provides Single Package, Single Location storage Carts, and bins that dynamically optimize storage space while intelligently ensuring the right part is picked at the right time. Users can now add the functionality of the MES and QMS (Quality Management System) platform from Aegis, FactoryLogix®, which manages the complete manufacturing production lifecycle: from product launch to material logistics, through manufacturing execution, ensuring that production is in line with demands. This powerful combination can lead to significant improvements such as improving inventory accuracy, reducing non-value-added labor costs, increasing the use of production space, and driving real-time visibility across the supply chain.
“Aegis offers a holistic platform that includes robust lean materials management capabilities that manage factory floor materials using a lean ‘pull-based’ approach. Due to FactoryLogix’ unique ability to provide complete material awareness, at the lowest level of component, including location, real-time consumption, and machine utilization manufacturers are able to drastically reduce inventory costs and maximize utilization,” said Jason Spera, CEO of Aegis Software. “By partnering with Inovaxe, we are providing a complementary offering that further assures the right part is picked at the right time and that real-time information is being communicated across the supply chain to drive down inventory costs and increase production throughput.”
“At Inovaxe we are committed to providing lean, innovative Material Handling Solutions that deliver streamlined material handling and accuracy for low to high volume/high mix manufacturing. The integration between Inovaxe and FactoryLogix eliminates the traditional challenges of excessive inventory stores due to lack of material awareness, quality mistakes due to picking the wrong materials, and increased labor costs due to inefficient inventory management,” said Ben Khoshnood, President of Inovaxe. “Leading manufacturers can now leverage this joint solution to address a pressing business challenge – inventory management - and transform into Smart Factories that are lean and more aligned and connected with the overall supply chain.”
• Aegis Software and Inovaxe will be at SMTA International 2018 to discuss and highlight how Aegis and Inovaxe together can reduce labor costs, improve inventory accuracy, optimize production space, and increase throughput. You can visit Aegis Software at Booth #909, and you can visit Inovaxe Corporation at Booth #715.
@FactoryLogix @Inovaxe #PAuto
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