Storeroom Standardization
& Inventory Consolidation
Projects
Path to Success
Customer Challenge
Developing and keeping design standards current can pay long term dividends via improved plant availability and reduced inventory costs.
Customer Success Brief
Customer Profile: Integrated Pulp and Paper Facility
An integrated paper manufacturer was looking for a partner to help them manage Control Valve Inventory to optimize costs and reduce unnecessary downtime.
We worked together to review their storeroom inventory to identify possible standards which would allow them to eliminate unnecessary duplications while ensuring the spares on hand were ready to be installed without delay.
1 Needs
- Reduce inventory value
- Improve inventory availability
- Reduce emergency POs
- Improve utilization of storeroom assets
2 Scope
- Analyze 2,800 Storeroom Valves
- Analyze Control Valve purchase history
- Analyze Valve repair history
- Analyzed 3 year control valve purchase history
3 Solution
- Customer data cleanup
- AWC INSIGHT analysis software
- AWC Control Valve Engineering Team Assessment
- Storeroom audit
- Recommend opportunities for standardization, consolidation and substitution
- Engineering Guide for standard storeroom assets
- Engineering consultation for special applications
4 Results
- Standardization, consolidation and substitution savings
- Reduced storeroom items from 2,800 to 892
- Reduced inventory value by $594,000
- Reduce new part setup
- AWC consigned inventory on-site: $62,958
- AWC dedicated inventory off-site: $98,242
- Reduced engineering time to specify valves to plant standards
- Reduced unnecessary and expedited purchase orders
- Identified, refurbished and made ready for use $652,998 in “cannibalized” storeroom stock
- Missing positioners, limit switches, actuators etc.
- Cost avoidance
- $42,214 in new inventory purchases by improving catalogue descriptions of existing spares
- $288,000/year in replacements by identifying root cause and establishing a proactive service plan
- Savings net of services: $150,000/year
Talk with our chat team about scheduling a
Control Valve Storeroom Standardization Review.
Customer Success Brief
Customer Profile: Integrated Pulp and Paper Facility
An integrated paper manufacturer was looking for a partner to help them manage Control Valve Inventory to optimize costs and reduce unnecessary downtime.
We worked together to review their storeroom inventory to identify possible standards which would allow them to eliminate unnecessary duplications while ensuring the spares on hand were ready to be installed without delay.
Talk with our chat team about scheduling a
Control Valve Storeroom Standardization Review.
- Reduce inventory value
- Improve inventory availability
- Reduce emergency POs
- Improve utilization of storeroom assets
2 Scope
- Analyze 2,800 Storeroom Valves
- Analyze Control Valve purchase history
- Analyze Valve repair history
- Analyzed 3 year control valve purchase history
3 Solution
- Customer data cleanup
- AWC INSIGHT analysis software
- AWC Control Valve Engineering Team Assessment
- Storeroom audit
- Recommend opportunities for standardization, consolidation and substitution
- Engineering Guide for standard storeroom assets
- Engineering consultation for special applications
4 Results
- Standardization, consolidation and substitution savings
- Reduced storeroom items from 2,800 to 892
- Reduced inventory value by $594,000
- Reduce new part setup
- AWC consigned inventory on-site: $62,958
- AWC dedicated inventory off-site: $98,242
- Reduced engineering time to specify valves to plant standards
- Reduced unnecessary and expedited purchase orders
- Identified, refurbished and made ready for use $652,998 in “cannibalized” storeroom stock
- Missing positioners, limit switches, actuators etc.
- Cost avoidance
- $42,214 in new inventory purchases by improving catalogue descriptions of existing spares
- $288,000/year in replacements by identifying root cause and establishing a proactive service plan
- Savings net of services: $150,000/year
Control Valve Storeroom Standardization Review
Our Control Valve Engineering Team leverage our INSIGHT Analysis software to identify opportunities for improvement on a unit, site, multi-site or company-wide level.
Our confidential, no cost, no obligation front end analysis will let us both know if we can help. We can get started with less than an hour of your time.