The $12 Billion Question: How is Your Facility Managing Inventory?

The article offers information on how to reduce company spending up to 25% by managing the 20-30% of maintenance, repair, and operating (MRO) materials which are commonly stocked. It discusses the stages of different inventory management approaches such as stocked, managed, and leveraged. It adds that the different approaches will help businesses to properly use the Grainger's Consulting Services estimated 12 billion dollars worth of stocked MRO materials in the U.S. in 2011.