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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

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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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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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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Orders for U.S. Durable Goods Fell 3.4 Percent in December

January 27, 2015 10:04 am | by Martin Crutsinger, The Associated Press | News | Comments

Orders for long-lasting manufactured goods dropped sharply in December, dragged lower by a big decline in demand for commercial aircraft.                                 

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Labor Dispute at Ports Could Hamper Railroads

January 27, 2015 9:58 am | by Andrew Szal, Digital Reporter, IMPO | News | Comments

A months-long contract dispute at ports along the West Coast could spill thousands of miles inland, where two rail companies are raising concerns about shipping complications.                    

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Cars.com Announces the Best Car of the Year

January 26, 2015 3:20 pm | by USA TODAY | Videos | Comments

Every year, automakers roll out about 70 new or redesigned cars. Cars.com spends hundreds of hours test driving these cars. They pick six top cars, but only one can win Cars.com's Best of 2015 Award.               

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Manufacturer Spends Annual Ad Budget on One Ad

January 26, 2015 3:16 pm | by Maura Falk, Associate Editor | Videos | Comments

This year, the cost of a thirty second Super Bowl ad is approximately $4.5 million, $500,000 more than last year. While this price tag would be a deterrent for many, one manufacturer is willing to spend their entire year's advertising budget for the exposure.

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10 Key Initiatives to Drive Value From Supply Chain Networks in 2015

January 26, 2015 2:51 pm | by Elemica | Articles | Comments

Elemica, a Supply Chain Operating Network provider for the process industries, offers ten top initiatives in the journey to supply chain excellence.                             

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Death Toll From GM Ignition Switches Rises to at Least 50

January 26, 2015 2:29 pm | by Tom Krisher, The Associated Press | News | Comments

With only five days left before the deadline to seek payments, compensation expert Kenneth Feinberg has decided that 50 death cases are eligible for money due to crashes caused by faulty General Motors ignition switches.         

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