Industrial Maintenance and Plant Operations magazine, a sister publication of Food Manufacturing, spoke with Brian Norris — Vice President, Inventory Management — and Kevin Hartler — Senior Director, Consulting Services for Grainger — about inventory management.
According to Grainger, some of the sweetest low hanging fruit for a cost conscious company is actually in your MRO inventory. A lack of understanding on how quickly, or slowly, this inventory turns can result in a significant number of operating dollars being tied up at any given time.