Need of Efficient Inventory Management in Process Control

Process control involves managing and optimizing industrial processes to ensure efficient and reliable production while maintaining quality and safety. It serves a wide range of sectors, including manufacturing, energy, chemicals, pharmaceuticals, food & and beverages and so on.

The primary goal of process control is to monitor and adjust various parameters within a process to achieve desired outcomes.?

Role of Inventory Management in the Process Control Industry:?

Equipment manufacturers in the process industry work on different parameters such as Temperature, Pressure, Time, Flow, Count, Speed, Level, Humidity, Vibration, Valve, Length, Load-cell and pH for industries like plastic, Packaging, pharmaceuticals, chemical, textile, cement, brewing and food, for which manufacturers stock different products according to forecasting techniques:?

Overstocking and Under stocking:??

Balancing inventory levels is crucial. Overstocking ties up capital and storage space, while understocking leads to stockouts and missed sales opportunities. Finding the right balance requires accurate demand forecasting and inventory planning.

Demand Forecasting:

Predicting future demand accurately is complex, influenced by factors like seasonality, market trends, external events, unidentified projects, and changes in requirements.

Inaccurate forecasts can lead to inventory imbalances and subsequently increase cost.

Seasonal Fluctuations in Demand:

Industries with seasonal demand patterns need to manage their inventory to ensure adequate stock during peak periods while avoiding excess stock during slower seasons.

Demand Volatility:

Rapid shifts in consumer demand, such as during the COVID-19 pandemic, can disrupt supply chains and lead to unexpected inventory challenges. Flexibility in production and distribution strategies is important.

Lead Time Variability:

Variations in supplier lead times can disrupt production and create stockouts. Managing these variations effectively requires accurate lead time estimation and buffer inventory planning.?

Raw material availability:

Raw materials such as Semiconductors are vital for any product and machine manufacturing, therefore planning different products with different raw materials can be complex as the quantity will get divided and versions increase.?

In the process control Industry, product SKUs change according to I/O configurations and customers must stock different products for different applications so that they can have stock in hand in case of order in the near future.?

This practice can result in overstocking of some products and understocking of others depending upon accuracy in the forecasting.?

We at SELEC identified this problem and came up with the concept of Universal Products which can replace a variety of products and SKUs and can simplify stockkeeping at every level of the supply chain.?

Presenting Universal Process Controllers!?

Universal PID controller is a unique solution against multiple applications that are present in the market, many times users buy different products in small quantities according to different usage.??

Now that we have universal PID, the headache behind choosing and forecasting for multiple SKUs is vanished, users can select a single product in appropriate quantity and use it for different solutions.?

Along with these unique features, we also incorporated attractive aesthetics into the product at reasonable rates.??

The flexibility of the product in cut-outs and feature is so vast that only one product can cater to all the requirements in the market.

Applications:??

Textile Industry, Autoclave, Pharma Industry, HVAC, Furnace, Valve Control, Oil and gas Industry, Steel, Sugar Factory, Food and Beverages Industry, Chemical Industry, Cement Industry, Packaging, FMCG, Water Treatment Plant, Industrial Automation, etc.

Similarly, we have conceptualized the Timer and counter product line where time, count, rate, batch, and RPM applications are dealt with as a single hybrid product.?

Presenting Programmable Timer+Counter XTC562 and XTC262!

This product line can cater to applications against different parameters such as time, count, rate, batch and RPM.

Again, with the better aesthetic these products stand alone in the market against the competition.

Applications:?

Textile Industry, Pharma Industry, Steel, Food and Beverages, Conveyor Systems, Cement Factory, Printing and packaging industries, Industrial Automation, etc.

What's New

To learn more about the products, click here.

Company News

• Selec at Automation Expo 2023:

Selec Controls Pvt. Ltd. participated in the recently concluded Automation Expo 2023 held at the Bombay Exhibition Center in Mumbai, India. The 16th India International Trade Show, brought together industry professionals, experts, and enthusiasts to witness the latest advancements in industrial automation. Selec Controls Pvt. Ltd., with their prime spot at Hall No. 1, Stall No. G:39-41 welcomed visitors from all sectors.

Selec Controls Pvt. Ltd. left a lasting impression with its comprehensive range of products, including MiBRX, PLCs & HMI, Power supply, VFDs, IoT solutions, SVR, GTI, ASVG, Timers, Counters, Temperature controllers, ?Humidity Controllers, Process indicators, meters, power factor controllers, CTs, Protection relays, Time switches, and many more.

The exhibition provided us with a platform to showcase our integrated solutions that cater to the diverse needs of industries. Our patented Micro-modular PLC, MiBRX, genuinely impressed the customers with its uniqueness and capability to perform any application precisely.

Continuous improvement in existing product lines and advancement in totally new avenues was appreciated by the visitors. The new range of precision controllers and indicators PID535 and PIC153 caught the attention of the visitors with 0.1% accuracy which gives stability and reliance to the machine.

Selec Controls Pvt. Ltd.?is one of India’s leading companies in?Electrical measurement & protection, Power quality, Solar,?Industrial automation, and Process control?having a market reach in over 75+ countries worldwide with three subsidiaries?Selec GmbH Germany,?Selec Controls USA,?and?Selec Australia.?

Stay tuned for more updates from the world of technology and industry. Join us as we delve into the world of innovation and explore the latest trends shaping the future of the manufacturing industry.

To know more about Selec Products & Solutions,?please?contact us.?