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Thought Leaders: How Much Money is Tied Up in Your Inventory?

January 28, 2015 9:26 am | by Anna Wells, Executive Editor | Videos | Comments

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 actually 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.

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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

LED Vigilant High Bay 240V

January 29, 2015 10:10 am | by Dialight | Product Releases | Comments

Dialight, a manufacturer of LED lighting technology, has announced the launch of its high-output LED Vigilant High Bay 240V with CE Compliance. 

Dean Foods Announces Closing of Century-Old Sheboygan Plant

January 29, 2015 10:02 am | by The Associated Press | News | Comments

Dean Foods says it will close its 100 year old dairy plant in Sheboygan in an effort to consolidate operations.                                       

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Ford Beats Estimates Despite Declines in Earnings, Revenue

January 29, 2015 9:54 am | by Dee-Ann Durbin, The Associated Press | News | Comments

Ford's net income tumbled in the fourth quarter as the company took an expected charge to deal with its struggling Venezuelan operations.                                 

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Industry Groups, Companies Criticize Proposed EPA Chemical Rule

January 29, 2015 9:44 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

Numerous industry groups and manufacturers and have taken issue with a proposal by the U.S. Environmental Protection Agency to regulate the use of 15 chemicals.                         

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Sales Channel Visibility Improves Manufacturing and Inventory Planning

January 29, 2015 9:36 am | by Dan Blacharski | Articles | Comments

When accurate, near real-time channel data is not abundantly available, sales and inventory fall one or two steps behind true customer demand. And there can be devastating results — including poor channel intelligence, delayed incentive payments or overpayments, and occasional massive write-offs caused by excess inventory stuck in the supply chain.

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Medford's Last Milk Processing Plant Closing

January 28, 2015 2:43 pm | by The Associated Press | News | Comments

Medford's last milk processing plant is closing; the Seattle-based Darigold says it would cost too much to upgrade the plant to meet food safety, employee safety and environmental regulations.                 

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With Lower Oil Prices, Sasol Delays Plan for Louisiana Plant

January 28, 2015 2:26 pm | by Kevin McGill, The Associated Press | News | Comments

Amid falling oil prices, a South Africa-based energy company is delaying final plans for a $14 billion gas-to-liquid plant in Louisiana.                                 

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German Automakers Lobby for U.S., EU Trade Deal

January 28, 2015 2:19 pm | by The Associated Press | News | Comments

German automakers are throwing their support behind a new trade deal being negotiated between the European Union and the United States.                                 

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Ford’s Focus on Driving Innovation

January 28, 2015 2:09 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Videos | Comments

When it comes to the auto industry, you've got to innovate or risk being left behind. Ford isn’t about to get lost in the shuffle as it continues to move forward on modernizing its vehicles.                  

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Is it Time to Replace Your Legacy ERP System?

January 28, 2015 10:51 am | by Pat Garrehy, CEO, Rootstock Software | Articles | Comments

Many industries, especially manufacturing, are discovering that business intelligence and more efficient use of large amounts of data help them become more agile and better equipped to respond to ever-changing markets. As a result, many companies have concluded that their legacy ERP systems are simply not up to the task, and these same companies are finding the ideal business solution in cloud-based ERP systems.

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Lightweight AL System Crane Solutions

January 28, 2015 10:43 am | by Engineered Material Handling (EMH) | Product Releases | Comments

At ProMat 2015, EMH will showcase their new AL System Crane solutions. 

White House Plan Would Open Atlantic Coast to Drilling

January 28, 2015 10:23 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

The Obama administration on Tuesday unveiled plans to lease offshore sites for oil and gas drilling, including, for the first time, areas off the Atlantic Coast.                         

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Milk Industry Fights Back Against 'Anti-Dairy Proponents'

January 28, 2015 10:18 am | by Candice Choi, The Associated Press | News | Comments

As Americans continue turning away from milk, an industry group is pushing back at its critics with a social media campaign trumpeting the benefits of milk.                           

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Nissan Recalls SUVs to Fix Electrical Shorts, Hood Latches

January 28, 2015 10:11 am | by The Associated Press | News | Comments

Nissan is recalling nearly 768,000 SUVs worldwide to fix faulty hood latches and electrical shorts that could cause fires.                                     

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Most States Report Job Gains in December

January 28, 2015 10:02 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

Strong fourth-quarter hiring numbers nationally translated to the state level as well, as 42 states reported falling unemployment rates in December.                             

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Has Beretta Manufactured the Army's Next Gun?

January 27, 2015 3:17 pm | by Maura Falk, Associate Editor | Videos | Comments

The U.S. Army is in the market for a new standard issue handgun. The standard issue handgun has been the Beretta M9 since 1985 and the Army is opening the door to competitors to present their concepts.             

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VW, Audi, Porsche Issue Recalls for Fuel Leaks

January 27, 2015 2:50 pm | by The Associated Press | News | Comments

Volkswagen, which owns all three brands, says vibration during driving, and production issues can cause small leaks in rare cases. VW and Audi said they were not aware of any fires or injuries caused by the problem in the U.S.       

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Can a 3D Printed Car Change the Industry?

January 27, 2015 2:23 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Videos | Comments

Local Motors showed off its Strati 3D printed car in Detroit this year with plans to begin selling it later this year. If we’re all to believe the hype, 3D printed vehicles could play a role in the future of the auto industry. But some challenges remain before they can go mainstream.

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Steelworkers Union Prepared for Oil Refinery Strike as Contract Talks Stall

January 27, 2015 2:08 pm | by Andrew Szal, Digital Reporter, IMPO | News | Comments

With its contract set to expire in less than a week, the United Steelworkers union said it has prepared for a possible work stoppage at refineries in light of stalled talks with oil industry negotiators.             

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Obama Administration Asks Senate Panel for Trade Negotiation Authority

January 27, 2015 2:01 pm | by Andrew Szal, Digital Reporter, IMPO | News | Comments

The White House's top trade official said Congress should update laws regulating trade negotiations amid ongoing talks with Pacific Rim nations.                               

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