Challenge:

• With $2MM in pump parts, $1MM in seals and over $500K in valves, this company was looking to reduce cost of inventory

Solution:  

• Consolidated brands and parts to dramatically simplify procurement and reduce equipment costs
• Transitioned inventory from client to Crane ownership
• Central warehouse for 5 plants, including mechanical seal repair
• Quick response service standards and support, including one hour turnaround and blanket PO's
• Established process to better optimize inventory based on actual usage
• Power End Replacement program

Results:

• Removed $1.1 million from client inventory
• Power End Replacement Program
  1. Save $300,000/year in labor costs
  2. Improved MTBF
• Transactional Savings
  1. Bi-monthly Invoicing
  2. Store Room Receiving Eliminated
  3. PO Issuance Reduced