News

Fenn Tool Presents TOOLVEND

Controlling tool issues via the Toolvend system enables concise tracking, and provides significant cost savings.

The Toolvend system is user-friendly and works in a similar way to a cash-point machine. Each operator is provided with an authorisation card that carries a unique number. The operator simply slides the card into the card reader and then selects the tool that is required. There is also the provision of inputting either the works order number, job number, or route card number, etc via either an auxiliary Bar Code Reader or an additional keypad.

This then enables three distinct reports to be generated; Operator Audit Report – detailing tools against an individual, Product Audit Report – detailing all tool issues enabling accurate replenishment, and Cost Centre Audit Report – detailing tool issues to selected works order numbers or component batch.

Cost savings of around 15 – 20% are generated through the controlled issue of tools using the Toolvend system and can be attributed to ten areas;

1. Operators do not need to seek authorisation to issue tools from conventional manned stores areas and incur time away from production
2. Reduction of stock and elimination of build up of slow moving or obsolete stock
3. Elimination of unauthorised retrievals resulting in tracking and location problems
4. Lower purchasing administration costs
5. Elimination of operatives creating personal hoards of tooling, often resulting in denial of production critical items to other shifts, operators, or departments
6. Reduction of stock outs due to monitored process greatly reducing the cost burden of panic measures i.e. couriers to deliver tooling from supplier
7. Reduction of lost production by having the availability of correct tools due to improved monitoring and stocking procedures
8. Onus of stock control placed upon the supplier reducing the burden for setter or storeman
9. Reduction of obsolete or slow moving stock due to perpetual monitoring
10. Reduction of wrong tools being selected via clear and specific locations

Toolvend and Fenn Tools – providing the right tool - in the right place - at the right time