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September 2020

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Supply Chain: How to reduce piping inventory

Piping represents a significant part of the plant cost, ranging from 15%–25%.1 Materials stored in warehouses or storage facilities cost companies in terms of personnel, materials, time, space, insurance, risk, etc. This article proposes cost-saving strategies for inventory reduction. Further, it emphasizes consistent naming conventions to avoid creating duplicate/redundant items.

Consulting Engineer: Abid, J.
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