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Smart Manufacturing
RFID chips on tooling and adapters can be loaded
with tool assembly and other production data to
allow for an error-free experience at the point of
use. Tooling is placed in a modular housing where
the chip data is read and transmitted to the tool
management software, which then limits vending to
tools authorized for the job. The cost of using
the wrong tool can be exorbitant and lead to
scrapped parts, delayed orders and risks that could
compromise the manufacturer’s reputation.
In aerospace, for example, it is critical to eliminate
the risk of using the wrong tool.

Cloud Tool and Data Management
Several companies already offer cloud-based
applications to find, select and assemble the right
tools for the job. Many cutting tool manufacturers
develop and offer their own digital catalogs and
tool selection apps. Integrating all of these with job
planning and vending platforms makes sense and
some vending systems offer this important feature.

Real-Time Data Analysis
Pulling it all together with advanced reporting
options, analytics and customization is essential
for targeted and efficient navigation through the
huge quantities of data that a vending system
can generate. This includes thousands of SKU’s,
hundreds of thousands of transactions, multiple
users, cost centers, logistics parameters and more.
Mining out what you need and calculating the
performance metrics will make all the difference
between staying ahead or drowning in all that data.

What’s next
The above innovations already provide us with
tangible advances, bridging the gap between the past
and the future smart factory - where AGV’s, artificial
intelligence and robotics will probably deliver tools to
the point of use just in time.

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