The Future of Technology in Tool Management

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1 The Future of Technology in Tool Management The Future of Technology in Tool Management Steve Matson Milwaukee Tool Corporation This session is eligible for 1 Contact Hour. For these hours to appear on your certificate, you must: Have your badge scanned at the door Attend 90% of this presentation Fill out the online evaluation for this session Attendees Only 1

2 The Problem with NYC The Problem with NYC 30% of urban traffic is caused by drivers looking for parking Frequent and erratic stopping = higher chance for accidents Longer time on road adds to pollution and hinders commerce Attendees Only 2

3 Smart City Infrastructure Smart City Infrastructure Control/Automation Position/Proximity Data Analytics Electric/Magnetic Sensors and Actuators People and Processes Security/Sharing Temperature Connectivity Upgrades/Configurations Supply Chain Management Vibration/Noise Humidity/Moisture Attendees Only 3

4 IoT in City Management Sensors in street communicate with wireless hub in streetlight Data is collected and integrated with GPS App navigates driver to available parking based on destination How is This Possible? Inexpensive: Sensors with ZigBee communication are abundant and cheap Infrastructure: City lights are spaced close together and hooked up to a grid on a constant power supply Consumer Smartphone Adoption Rate: ~84% Attendees Only 4

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6 Why Does This Matter? Build and maintain an accurate budget for tools & equipment Eliminate excess and non-working inventory Reduce overhead, improve profitability Small Medium Large 1 10 Users Users 100+ Users Essential process for every user, any trade or company size Who s Involved? Mgmt Budgeting, Policy Implementation, Purchasing Operations Budgeting, Acquisition, Inventory Reporting Tool & Equipment Upkeep and Management, Operations Flow Back Office Field Ops Skilled Labor Asset Management, Schedule Adherence, Project Management Completion of Work, Adherence to Spec In Field Attendees Only 6

7 What s Done Today? Notebook/Spreadsheet Tool Tracking Software Custom Built Software Ideal for the smaller contractor Simple rolling list of tools and equipment as they are purchased Difficult to maintain, cumbersome paper trail Ideal for the larger size contractor Working program that allows tool rental and depreciation of assets Steep learning curve, prohibitive costs Incorporates barcode and/or RFID scanners Only feasible for the largest contractors Ties into company finance and accounting systems Often tied to aging technology and infrastructure Free to Use $5k $10k Subscription $500k 1mm Investment Advanced Tracking Barcode Scanning RFID Delicate tags rendered unusable on projects Can t see through conventional on-site storage $2500+ hardware for every scanning checkpoint Attendees Only 7

8 Implementation at Scale Challenge of Logistics 1) From Crib to Jobsite *needs better process 2) From Jobsite to Crib *needs better process Jobsite 3) From Jobsite to Jobsite *needs automation Jobsite Attendees Only 8

9 Tool Tracking in the Modern Age Utilization: Where s my stuff? Worker Productivity: How can I improve the safety and QC process on site? Information: I want to know more about the usage and life of my tools Resource Allocation: How can I better manage my labor, equipment, and materials? Issue Resolution: How can my crew manage problems with less RFI s? Tool Tracking Potential Attendees Only 9

10 2017: Year of IoT in Tool Tracking Control/Automation Position/Proximity Data Analytics Electric/Magnetic Sensors and Actuators People and Processes Security/Sharing Temperature Connectivity Upgrades/Configurations Supply Chain Management Vibration/Noise Humidity/Moisture Product: Milwaukee Stand Light Daily/Accrued Rental Cost: $0.44/$39.60 Status: ON Remaining Battery: 42% Brightness Level: 75% Date Last Seen: 10/08/16 Product: Werner Fiberglass Step Ladder Daily/Accrued Rental Cost: $0.32/$50 Last Serviced: 1/12/2014 Last Inspected: 3/07/16 Date Last Seen: 10/07/16 Product: SJIII 3219 Scissor Lift Daily/Accrued Rental Cost: $110/$3,850 Remaining Battery: 85% Date Last Used: 9/22/16 Attendees Only 10

11 Questions? For more Information Visit us in Booth 929 Attendees Only 11