How Much Money Is Tied Up In Your Inventory?

Name: How Much Money Is Tied Up In Your Inventory?
Uploaded: 2015-02-26T22:10:32.000Z
Description: If there’s one thing the Great Recession taught manufacturers, it’s that there are wasted dollars hiding everywhere — and some of the sweetest low hanging fruit for a cost-conscious company is in your MRO inventory.

If there’s one thing the Great Recession taught manufacturers, it’s that there are wasted dollars hiding everywhere — and some of the sweetest low hanging fruit for a cost-conscious company is in your MRO inventory.

Feb 26, 2015

If there’s one thing the Great Recession taught manufacturers, it’s that there are wasted dollars hiding everywhere.

According to Grainger, some of the sweetest low hanging fruit for a cost-conscious company is in your MRO inventory, and a lack of understanding of how quickly (or slowly) this inventory turns can result in a significant number of operating dollars being tied up at any given time.

Joining us today to discuss inventory management are Brian Norris, vice president, inventory management and Kevin Hartler, senior director, consulting services for Grainger.