BinSentry Inc. Market Research Report

Company Overview

• Name: BinSentry Inc.

• Mission: No information is available.

• Founding: No information is available regarding when the company was founded or by whom.

• Key People: Nick DeKryger, Vice President of Belstra Milling Co., is mentioned in connection with the company's platforms and services, though specific key people within BinSentry are not listed.

• Headquarters: No information is available about the company’s headquarters.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Company Known For: BinSentry Inc. is known for optimizing feed mill supply chain organizations and improving operations by integrating technology. The company specializes in reducing feed outage time, minimizing inventory returns, and scaling delivery efficiency through automated systems.

Products

Product Overview

• Main Products: BinSentry Sensors

• Description: BinSentry offers advanced feed monitoring systems primarily through sensors installed on feed bins. This technology helps in tracking and optimizing feed levels, outages, and supply chain needs.

Key Features

• Reduction of Feed Outage Time: Offers significant decreases in downtime due to feed outages, improving overall operational efficiency.

• Inventory and Feed Returns Management: Helps in effectively reducing close-out inventories and unnecessary feed returns through precise monitoring.

• Operational Efficiency: Streamlines ordering and forecasting processes, minimizing the need for manual checks and orders.

• Delivery Optimization: Increases delivery sizes and reduces travel distances, creating a more efficient supply chain.

Recent Developments

Partnerships and Studies

• Hanor Partnership: BinSentry collaborated with Hanor, a leading pork producer in North America, in a year-long study to understand the impact of feed outages on feed conversion ratios (FCR). The study involved installing 200 BinSentry sensors across 28 sites and monitoring 100 hog barns.

• Insights from the Study: The study highlighted the prevalent issues due to manual bin slide management, which accounted for the majority of out-of-feed events.

New Products and Features

• No Specific New Product Launches: No new product launches were detailed in the available data.

• Research Publications: Released a position paper titled "Exploring the Connection Between Out-of-Feed Events and FCR," detailing findings from the study and emphasizing the unidentified source of feed outages due to slide management.

Additional Developments

• Technology and Solution Advancements: Continuous improvements in the proprietary sensor technology to address the core issues identified in feed management and conversion ratios, aimed at reducing missed outages due to inadequate slide management tracking.

Conclusion

BinSentry continues to advance the precision and efficiency of feed supply chain management through innovative technology solutions and strategic partnerships within the agricultural sector, primarily enhancing the operations of feed mills through enhanced monitoring capabilities.