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Inventory Matters: Introduction to Series

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“$650,000,000.00 US Dollars is not sexy enough for us to be interested”.  This was the response I received at an  engagement when discussing inventory management solutions with an executive of a well-known  “drilling company”.  The value of their spare parts at the time was close to 650 Million dollars. They were aware that this was a problem but just didn’t think it was an exciting, or “sexy” enough project on which to allocate any time. The problem was further complicated by tens of millions of dollars of spare parts related downtime events happening at the company. This is a typical struggle in the drilling industry, which is why we are interviewing dynamic, successful leaders in oil and gas industry to and sharing their perspectives on inventory management. These interviews will be published on a regular basis and will be titled, Inventory Matters.

 

Read the first Inventory Matters interview is with Matthew Heaviside

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