Sandvik CRIBWISE software sees 266% growth

Sandvik Machining and Manufacturing Solutions reveals 266% customer growth in 2021 from its tooling inventory management software business, CRIBWISE, including new strategic partnerships, such as vending supplier Kardex Remstar, a provider of vertical storage solutions, and adoption from new and existing customers in key markets.  

Licenses rose in the last year by 220% with the likes of Valmet, in Sweden, and Sandvik Mining and Rock, in Finland, signing up to the SaaS provider. This is proof that, to manufacturers of all sizes, the cost-reducing cloud-based software is breaking down technology-reluctant barriers held by many traditional tooling and machine shops.

CRIBWISE helps manufacturers take control of their tooling inventory and related processes. It is modular, customizable, and easy to integrate for all sizes of machine shops. It improves productivity and machine life by reducing administrative time, hours spent searching for tools and production and maintenance delays. It also cuts unnecessary expenditure due to over-purchasing and over-stocking.  

With a 68% reduction in time spent acquiring tools since integrating CRIBWISE.

“Digitalization is an essential part of the manufacturing and supply chain nowadays,” says Jani Savinainen, Supply Chain Manager at Sandvik Mining and Rock. “You need much more agility, a seamless flow between different operations. CRIBWISE is the perfect match to our needs.”

“Manufacturers have really embraced cloud-based solutions over the last couple of years,” says Joakim Johansson, Head of CRIBWISE. “Not only has integration become easier, more secure, and more customizable, it’s really helping businesses reduce their costs. With a cloud-based solution like CRIBWISE, our subscription fee is nominal, but it can have a seismic impact on reducing tooling costs which can easily run into tens of thousands of pounds or euros. A company like Valmet will have reduced tooling and equipment inventory costs by as much as 20% last year.”

“Looking at 2022 and beyond, we are really excited about further expansion in key markets with a continued focus on our customers and partners,” adds Johansson. “It’s going to be a great year for software development too as we add further value with product developments that respond to customer needs.  We’re launching a new Artificial Intelligence stock optimization feature based on historical purchase lead times and consumption. This was in response to feedback and will bring further streamlining for our customers and a lot less manual work.”