Aegis Software, a provider of Manufacturing Execution Software (MES) and Inovaxe, a provider of innovative material handling and inventory control systems, have teamed up to provide an integrated solution that delivers ultra-lean material handling, storage, and production capabilities. This combination will help manufacturers improve productivity, reduce labor and inventory costs, maximize yield, optimize floor space, and minimize unplanned downtime, ultimately increasing quality, revenues, and customer satisfaction.
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 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 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, FactoryLogi, 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.
“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. “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.”
