Würth iBin Business Model | Business Model Navigator

Overview:

The German Würth Group is one of the world's leading companies trading in assembly and fastening materials. The company was founded in 1945 by Adolf Würth in Künzelsau in Germany. The group consists of more than 400 companies, which operate in over 80 countries. In the core business, the so-called Würth Line, the product range consists of more than 125,000 products for trade and industry companies: the product portfolio includes for example screws, screw accessories, dowel tools, chemical-technical products and protective equipment.

Industries:

Hardware

Information Technology

Services

Business Model Patterns:

Object Self-service

How they do it: With a camera that can be installed on its supply boxes, Würth iBin tracks the stock level in each box. Without manual intervention, the iBin triggers an order within the linked ERP system when the supply is below a certain threshold (based on historical consumption data).

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