The Modern Way to Buy Screws

Screws, or more generally fasteners, are a main staple in most industries. Recently I visited a factory and saw a nice way to automate the procurement of screws and other fasteners. This Industry 4.0 solution is part of a vendor-managed inventory (VMI), where you not only buy the screw, but also the service of always having enough screws, and let the vendor manage the hassle of making sure there are enough screws. I found the example in this factory quite neat, and hence decided to tell you about it. Let me show you.

Read more