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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

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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Pabst Owner Considers Returning to Milwaukee

January 28, 2015 2:14 pm | by The Associated Press | News | Comments

Pabst shut down its brewery in Milwaukee nearly 20 years ago. But now its current owner and CEO, Eugene Kashper, is looking for a location in Milwaukee to open a pilot brewery where new products could be made and sampled.        

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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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Q&A: The State of the Engineering Services Outsourcing Market

January 28, 2015 12:27 pm | by Maura Falk, Associate Editor | Articles | Comments

Sampath Kumar, Partner and Global Leader at ISG (Information Services Group) Engineering Services, spoke with IMPO about the important trends and growth within the Engineering Services Outsourcing Market.             

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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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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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Mercedes Chooses AM General to Make SUVs in the U.S.

January 27, 2015 1:39 pm | by The Associated Press | News | Comments

Military and commercial vehicle maker AM General will start making Mercedes-Benz SUVs this summer under a new, multi-year contract with the German automaker.                           

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ID Mount Pipe Bevelers

January 27, 2015 11:20 am | by Red-D-Arc | Product Releases | Comments

Red-D-Arc now offers Tri Tool ID Mount Pipe Bevelers for rent. According to Red-D-Arc, Tri Tool manufactures portable beveling machines that deliver maximum precision, reliability and performance.

SpaceX Drops Lawsuit Against U.S. Air Force

January 27, 2015 11:08 am | by Maura Falk, Associate Editor | News | Comments

Last year SpaceX filed charges against the U.S. Air Force on the grounds that the Air Force had unfairly given a major contract to Boeing and Lockheed Martin, two companies with a long history of military-industrial contracts. However, SpaceX has dropped the charges on the grounds that some crucial compromises were reached.

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Bird Flu Found at Foster Farms Turkey Ranch in Central Calif.

January 27, 2015 10:46 am | by Kari Imberg, Associate Editor, Food Manufacturing | News | Comments

Federal agriculture officials say they found the commercial turkey flock at Foster Farms' Stanislaus County facility to be infected with a strain of avian influenza.                         

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Supreme Court Rejects Ruling Awarding Lifetime Health Benefits

January 27, 2015 10:42 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

The U.S. Supreme Court has rejected a lower court ruling that awarded lifetime health care benefits to union retirees at a West Virginia chemical plant, ordering the court to reconsider the matter.               

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Education, Bias-Breaking Keys to Women's Rise in Supply Chain

January 27, 2015 10:22 am | by Mike Hockett, Associate Editor, Industrial Distribution | Articles | Comments

When people think of the supply chain, they think trucking and warehouse. On the front lines, they see a need to be physically strong. They see a male-centric role. We don’t necessary think women can do things in the supply chain. We need for people to think differently.

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