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Support for Smart Inventory Solutions
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Read about the book Smart Inventory Solutions
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Comments by Arthur L. Posey, P.E. Sr. Maintenance Manager, Wheelabrator Technologies Inc. Morrisville, PA, USA
Any company looking to take action to reduce their excess inventory or establish reasonable controls to curtail the growth of inventory should read this book. The principals presented are done in an understandable, straightforward manner. There are not a lot of fancy formula-driven theories, but there are focused recommendations for specific actions to have immediate effect on inventory value.
Phil Slater’s work in “The 7 Actions for Inventory Reduction” gave us the words we needed to communicate inventory control concerns to the rest of our company. His explanations of inventory problems and how they relate to cash flow opened the eyes of many of our employees who could not previously understand why excess inventory is a problem.
Our business is driven by equipment availability. The tendency to overstock inventory in the name of reliability put millions of dollars of cash on our shelves that could have been otherwise employed in our business. This book helped us reverse the trend of growing inventory for the first time in the 30-year history our company.
Phil not only explains how to reduce inventory, but also how to change the mindset of all of us that have done nothing but expand our inventories for years. This philosophy/cultural change is the key to taking the immediate reductions realized from the 7 Actions and transforming them into long-term, sustainable lower inventory levels while still keeping our eyes on our plant reliability needs.
We believe this book is such a powerful tool to reduce our cash invested in inventory, we have sent a copy to each of our plant and maintenance managers at our 21 facilities. Goals for inventory reduction were set across the company with out any guidance on how to achieve the goals and how to maintain inventory at a lower level while always pushing plant performance to a higher level. Now that we have placed the - 7 Actions for MRO and Indirect Inventory Reduction in everyone’s’ hands, we are confident that our goals will be easily achieved and lower levels of inventory will be maintained.
About Wheelabrator TechnologiesWheelabrator Technologies is a wholly owned subsidiary of Waste Management, Inc., of Houston, Texas. Wheelabrator Technologies owns and/or operates 17 waste-to-energy facilities and five independent power production facilities. These facilities are located in 11 states ranging from New Hampshire to southern Florida and out to the US west coast.
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Initiate Action Pty Ltd 49 Vida Street, Aberfeldie Vic 3040 Australia phone: +61 3 9331 3181 fax: +61 3 9331 3180 USA and Canada Free Call 800-581-7678
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