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Showing posts with the label Total Cost of Ownership

Expert Assortment Analysis – Reduce total cost of ownership

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When it comes to manufacturing, every part counts—but not always in the way you think. Fasteners may seem minor in the grand scheme of a product's assembly, but the complexity and variety of these components can significantly impact your bottom line. Enter Bossard's Expert Assortment Analysis , a powerful tool designed to reduce your total cost of ownership (TCO) by simplifying your fastener strategy. Why Assortment Analysis Matters Here’s a compelling fact: only 15% of a fastener's total cost lies in the component itself, while a staggering 85% is tied up in indirect activities—procurement, logistics, storage, assembly preparation, and quality checks. That means every unnecessary variant in your bill of materials (BOM) increases costs, clogs operations, and complicates inventory. Bossard’s Expert Assortment Analysis helps you take control of this hidden complexity by evaluating and refining your fastener usage. It’s about standardization, rationalization, and smarter engi...

Comparing and Contrasting SmartBin Cloud and SmartLabel Cloud

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If you’re looking for a way to automatically track your stock or install a smart inventory system, Bossard would like to introduce our SmartBin Cloud and SmartLabel Cloud options. Both can increase your efficiency and enhance your profitability. Differences The SmartBin Cloud connects a bin to a weight sensor, forming an independent entity used anywhere in your facility. It works well if you do not have a storage system set up for your stock or are thinking of changing your current system to something else. By using motion-triggered weight sensors, the SmartBin Cloud automatically tracks the stock inside the bin at every use (pick or refill). When the stock runs out, it can automatically place orders for more stock without any manual intervention. This can help you achieve a lean management approach. The SmartLabel Cloud is an intelligent label that attaches to every kind of storage container. It’s ideal if you’re already using a storage system that you’re comfortable with an...

How to Reduce Costs with Bossard Expert Assortment Analysis

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It may be surprising to learn that only 15 percent of the total cost of a fastener comes from itself. The remaining 85 percent stems from other activities like procurement, logistics, and assembly prep. So, if you’re looking to reduce costs by examining your fasteners, you need to reduce the number of different ones that you use. Helping you define what fasteners to rely on is the core of Expert Assortment Analysis . It assists you in determining head shapes, recess types, materials, property classes, platings, and dimensions. When utilizing this method, there are many advantages: Cut unnecessary elements by looking for similarities and substituting when possible. Reduce the complexities of purchasing, warehousing, and assembly by defining the fastener assortment from which you can pick. Increase productivity, which improves profitability. You can choose from three service packages: Basic analyzes your entire production line to look at the ...