TestEquity launches custom inventory management service

TestEquity, a value-added distributor of test and measurement equipment, announced that its Electronic Lab and Production Solutions (ELPS) business unit has launched a new service for manufacturers that eliminates production supply shortages and associated downtime and costs. Reducing the hassle of inventory maintenance to a simple barcode scan, the Custom Solutions Inventory Management (CSIM) service combines an intelligent replenishment automation system with tools to streamline inventory workflows and powerful customization capabilities.

“Managing production supply stock is a difficult and time-consuming task; it’s easy to lose track of inventory levels, which can result in costly production-stopping shortages or overstocks,” says TestEquity president and CEO Dan Copsey. “The CSIM service tracks your inventory levels, automatically replenishes stock and keeps the production line rolling — while allowing you to easily customize your experience. In addition, CSIM further lowers operational expenses by reducing transactional and inventory carrying costs, and by consolidating shipments to reduce freight charges.”

CSIM service users are provided with a user-friendly online Web portal; an all-welded, preassembled stock cabinet featuring 102 bins and three adjustable shelves; and a rugged handheld terminal with advanced functionality. Using the handheld terminal, users scan the code of the item taken from or added to the supply cabinet and enter the amount. This data is analyzed by TestEquity’s system at pre-scheduled times to track stock and determine reorder needs.

Inventory levels can be automatically replenished based on preapproved minimum and maximum levels, or users can choose to manually approve orders. Using the CSIM Web portal, users can update reorder levels at any time and add or remove items from inventory.