Averaging more than $40 billion dollars per year worldwide, inventory shrink is no small issue. If your operation is not actively tracking inventory, then your profits are included in that astronomical statistic.
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According to the most recent study by the National Retail Federation, losses due to inventory shrink in 2014 totaled $44 billion dollars. While little has been done to study the inventory shrink of bulk material sales, logic leads us to believe that when handling larger quantities of product, there is increased room for error and various forms of inventory shrink.
When selling chemicals by the ton, inaccuracy is a huge contributor to inventory shrink. Let's take a look at a few ways your operation can accurately track inventory and protect your profits.
Tank Scales for Silos and Storage Tanks
Gravimetric inventory control solutions are independent of material properties and tank shape. Our team of engineering experts can help integrate weighing components into your operation with ease, turning your existing structures into scales. With industry leading accuracy, you will immediately notice improved profit margins when you track your inventory. Additionally, tank scale data can be integrated via a range of interfaces to allow for real time inventory monitoring.
With varying lengths and widths available, truck weighbridges can be easily integrated into your existing logistics chain. POWERCELL® PDX® load cells provide a new level of accuracy and reliability in all environments to ensure that materials are precisely weighed at any time and without incidents. DataBridge™ Management Software is also available for integration with your truck scales, allowing you to better track your bulk inventory.
Rail Scales
True accuracy is possible even when it comes to weighing and filling 100-ton rail cars. POWERCELL® PDX® 90-ton load cells offer superior accuracy and reliability for rail weighing. Options, such as truck- and rail-scale combos and integration with filling systems, also are available.
With the weighing technology and data management solutions available today, material inventory can be accurately managed and automatically controlled in real-time. Start to improve the taceability of your materials and prevent inventory shrink.