RPA: Four steps to managing and tracking reusable assets

If you're not tracking and managing your reusable assets, someone else is likely benefitting from your investment.

June 06, 2012 - MMH Editorial

At any given time, a manufacturer can likely tell you the quantity of bulk items available for processing, and a distributor can tell you the number of trucks it has on the road and the number in for repairs. However not every company can tell you how many reusable assets, including pallets and containers, they have out at retail stores, in the warehouse or waiting for repairs.

These reusables are recorded on a company’s books as assets, yet often they are not tracked and managed the same as other assets because historically packaging is often treated as an expendable commodity.

If you’re not tracking and managing your reusable assets, someone else is likely benefitting from your investment. There is a strong secondary market for reusable containers, with resellers and regrinders capitalizing on companies that do not properly monitor their reusable assets.

Implementing an effective system to track and manage your assets requires four steps:

·      Understand the issues
·      Understand the available asset management systems
·      Develop the processes & KPIs necessary to create actionable and enforceable data
·      Obtain stakeholder alignment, educate the supply chain and implement a discipline to ensure compliance

Since 1999, the RPA (for­merly the RPCC) has been a col­lab­o­ra­tion between sup­ply chain part­ners to pro­mote the envi­ron­men­tal, safety, and eco­nomic ben­e­fits of reusable pack­ag­ing. It is a trade asso­ci­a­tion of lead­ing man­u­fac­tur­ers, pool­ers, dis­trib­u­tors, retail­ers, edu­ca­tors, and oth­ers with a com­mit­ment to reusable pack­ag­ing sys­tems and the mes­sage of re-use.



Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

The company's third robotics production facility will serve North America, where the United States is ABB's largest market with $7.5 billion in sales.

This white paper outlines significant challenges facing businesses today and discusses how they can be addressed through more effective materials handling processes and equipment.

PMMI study examines packaging challenges prompted by growing U.S. e-commerce market.

Supply chain solutions provider extends omni-channel suite with leading North American eCommerce platform serving manufacturers, distributors and retailers.

During this webcast Chuck Lew, Director of Logistics shares how Newegg.com was able to turn the distribution facility with the lowest productivity into one of the highest. He'll discuss how leveraging voice-directed picking with their existing investments in light-directed picking, scanning and RF technology was the key to their success.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA