Vendor Managed Inventory Systems can be a great asset for many types of businesses. For businesses that have equipment maintenance needs and can’t commit to cost prohibitive solutions, VMI might be a great answer. What is the definition of Vendor Managed Inventory? Vendor Managed Inventory (or VMI) is a business model in which the buyer of a product provides certain information to a supplier of that product, and the supplier takes full responsibility for maintaining an agreed upon inventory of the material. For many companies, vendor managed inventory is the next step in supply chain management. There are many benefits to vendor managed inventory.
Radwell International is the industry leader in repairing and selling new, used and surplus manufacturing parts and equipment. We started off as Speck Industrial Controls in 1979 and have expanded to nine different locations throughout the United States, Europe and Canada. In 2016 we purchased a 312,000 square foot building in Willingboro, NJ to house our new global headquarters. Our new building is an interesting and functional space designed to accommodate the many facets of our business so we can support our other locations and our customers as much as possible.
Our Willingboro building was formerly an Express Scripts Medco pharmaceutical facility. Over a million dollars worth of packages ran through the conveyor systems, robots, and the automation that was in place in the facility. Radwell International took over the facility with that automation already in place. A lot of it we kept and maintained or we moved parts of it into a new area to reuse and re-engineer. By doing so, we were able to come up with a system that best fit our needs.
You can learn a lot about us by viewing our facility. Not only are we an industrial automation supply leader, but we are a remarkable and multi-faceted organization with a clear mission statement. At Radwell we work hard, but we also make time for social activities and for giving back to the community. That’s a very important part of our culture here at Radwell. To learn more about our culture, read The Culture of Giving Back
Another important part of our culture is quality. Did you know that Radwell International is ISO 9001: 2015 certified? If you’re not sure what that means, Tom Foy, Our Global Training and ISO Manager can explain a little bit more about this designation here ISO Certification.
Now that we've completed that brief overview, let’s take a look at our Willingboro headquarters.
There are a lot of companies out there that offer surplus liquidation services. When hiring a surplus inventory liquidation service, there are five questions to ask and have answered before moving forward with the transaction.
1-Are you selling your surplus inventory to a real company?
There are many companies out there that claim to be legitimate surplus inventory liquidation services. Unfortunately, in many instances these companies are small, unscrupulous businesses that represent themselves in ways that may be misleading to customers. Instead of a seamless process, customers may find themselves with a less than desired outcome when it comes to liquidating their surplus inventory.
Robots are a critical part of today’s manufacturing. Keeping them running is a high priority, while minimizing downtime for repairs is essential.
In places like automotive plants, the robots can be massive, so sending them out for repair is not an option. Typically, when something goes wrong with one of these large machines, the problem can be traced back to a single component—a board or drive, a human-machine interface (HMI), a programmable logic controller (PLC) or a touchscreen, for example. Once the customer identifies the component that has failed, the next step is sending it out for repair or replacement.
Radwell International, a leader in industrial repair, distribution and surplus automation, maintains a $2-billion surplus, which is a great cost-effective alternative for a customer with a machine down. This this surplus also allows for their Engineering Department build efficient test fixtures. This huge on-site inventory of parts and robots means technicians can put the part in question through a full-load test in the same model robot as the one the customer uses. As a result, Radwell’s customers have confidence in the repairs and replacements because they know their components have been thoroughly tested. Radwell can also repair or replace teach pendants, control panels and any of the control components, as well as other parts such as servo motors.
This surplus and testing capability sets Radwell apart from its competitors and greatly enhances its capacity to quickly test components and replacement parts, so that its customers are up and running again as soon as possible. The extensive testing enables Radwell to offer its customers a two-year warranty (compared to the industry-standard of 12-18 months), and also keeps the warranty rate very low (4 percent versus the 6 percent industry average).
Watch a short video about the company’s robotic repair and test capabilities featuring the Kawasaki UX120F, a robot that improves production line efficiencies and general industry and automotive applications. The Kawasaki UC120F is just one of the many robots Radwell has available to test components.
ISO Certification is a process that enhances the offerings of a business. By showcasing how an organization meets or exceeds certain defined certification standards, they announce to the world the highest level of quality, safety, and efficiency in their daily methods of operation.
What is ISO? ISO is an independent, non-governmental international organization. Through its members, it brings together experts to share knowledge and develop voluntary, market-relevant International Standards that support innovation and provide solutions to global challenges.
The ISO story began in 1946 when delegates from 25 countries met at the Institute of Civil Engineers in London and decided to create a new international organization ‘to facilitate the international coordination and unification of industrial standards.' On February 23rd, 1947 the new organization, ISO, officially began operations. It operates in a similar way to this day.
Warm temperatures can wreak havoc on electrical components and other manufacturing machinery. Internal heat will cause the temperature of an enclosure to rise to unacceptable levels if it is not removed. High temperatures affect drives, PLC's and other automation equipment in a very detrimental way. Heat may cause system failure, thermal aging and reduction in thermo-mechanical cycle life. To prevent catastrophic equipment failure,
Recently our Engineering Department completed a new project. They repaired a Zebra 140 XiIII Plus printer from a non-functioning state to fully operational by utilizing existing parts and in-house materials. Not only has this given us some functionality for labeling our own inventory and repair bins, but it has also given us additional repair skills so we can help our clients repair their printers.
Internally we use the Zebra printer to create barcodes which help us accurately track and manage our repairs and inventory bins through our operating system. In working through repairing this machine, our engineering department was able to address three areas that have been helpful in operating this printer: changing the printer ribbon, changing the print head and printing using an existing template.
We've recently added a Markem Hot Melt Ink Printer to our engineering department and its an interesting addition.
How does this printer actually work?
Markem ink jet systems use Markem Touch Dry inks. These inks are instantly drying, non-toxic solid inks that contain no solvents and require no special handling. The printer produces prints that are crisp and do not smudge. It is also suitable for printing on a wide variety of packaging materials. Code changes and real time updates can be completed without any downtime too.
This blog was reposted with permission from Engineering 360-Powered by IEEE Global Spec-original post published May 30th, 2017:
Ever wonder where your circuit boards, motors and other electronic parts end up when you’re finished using them? According to the U.S. Environmental Protection Agency (EPA), most meet their end in landfills, and sadly, many could be recycled and reused. Known as electronic waste, or e-waste for short, these pieces include far more than just the mobile phones and laptops of yesteryear. The EPA estimates that approximately 41.8 million tons of e-waste was generated worldwide in 2014 (data for 2015 and 2016 is not yet available), with the U.S. accounting for 11.7 million of those tons. By 2018, that worldwide estimate is expected to increase to 49.8 million tons.
Businesses with the tons of electronic equipment they use and discard annually – have the unique ability to make the biggest impact by recycling or upcycling their e-waste. An interesting trend has emerged in the electronics and engineering space, in which legacy equipment is sold off and warehoused by a third-party to resell to another company that is still using and in need of that equipment and accompanying parts.
Consider this: Company ABC purchased a large lot of sensors to test their own product, only to discover a few years later that a different sensor would help them better perform that test. They still had 5,000 new-in-the-box sensors from that first lot just taking up space in their warehouse, and when it comes time to move to a new facility, they consider throwing out those 5,000 sensors because it doesn’t make sense to move them to the new space. As far as Company ABC is concerned, those sensors are obsolete and completely useless. However, Company XYZ still uses the same sensors on a regular basis for a completely different application, and is finding that the inventory of their usual supplier is dwindling. They are spending countless man-hours trying to seek out these sensors, and wondering just how long they have before they need to change their operating procedures or product specifications to find a different solution.