What is my asset cycle time?

Many people attribute their financial problems down to container losses, however one key element that your organisation should definitely focus on is cycle time. In brewing in particular, removing as little as two days from your cycle time can be financially as rewarding as eradicating a percentage of losses.

Give me an example of this?
To think about it simply, if you improve cycle time by 10%, you will effectively be adding 10% more capacity to your asset fleet.

So how do I measure cycle time via VisibilTy?
We measure cycle time as the time taken from product fulfilment into a returnable asset and that asset becoming available for fill again. We do this on an ongoing, every fill basis, and we break each leg of the containers cycle down, Depending on location of scanning points within the supply chain,- you are able to ascertain where the asset was seen last. This can reveal groundbreaking information, relating to elements such as dwell time in a particular leg of a containers cycle. The system can identify if an asset is left unused and inactive in a certain location for a period. And if this becomes or is a trend, you have the ability to take action immediately and plan for the future.

How do I track containers in strategic locations that might be affecting my supply chain?
Containers moving in various networks can be captured by the use of our unique UHF RFID technology and strategically placed gate readers. This can also be a portable solution, which will allow you to identify problematic areas cost effectively if you do not wish to move to full network tracking, or wish to address the issues in phases relative to where current problems are

Read also:

What is my asset population?

What is my asset loss rate?

How many will I need and when should I buy them?

What is the ROI?

Talk to us today about how you can reach into your asset supply chain.....