June 4, 2008 - Modern Distribution Management

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June 4, 2008

Parker Hannifin Buys Titan Industries

Companies, Finance, Free, Mergers & Acquisitions, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors /

Parker Hannifin Corp., manufacturer in motion and control technologies, has acquired Titan Industries, South Gate, CA, a manufacturer of industrial rubber, custom made and composite hoses for fluid and material transfer as well as related products, services, and accessories.
 
Titan has additional locations in Houston, Texas and Salisbury, NC, and employs 150 people.
 
Titan Industries achieved sales of $28 million last year. The acquisition of Titan strengthens Parker’s position as an industry leader in the industrial hose market by expanding the product offering and providing entrance into the marine, aircraft, food and dock side refueling markets.
 
Titan will be integrated into the Industrial Hose Products Division, part of Parker’s Fluid Connectors …

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Author: MROP Cost Savings Opportunities Often Overlooked by Purchasing Community

Facilities Maintenance (MRO), Free, Management, Strategy, Subscriber Only, Top Distributor Sectors /

Industry veteran Joel Roth looks at how organizations buy supplies for MROP in a recently published book, The 20% Solution: A Practical Guide to Dramatic Cost Reduction in MROP Procurement. Roth says that in most organizations, raw materials, purchased components, capital goods and packaging materials represent 75%-85% of total dollars spent on physical goods. And MROP represents about 15%-25%.
 
The characteristics of MRO buying are different from other types of goods, he says -requiring entirely different methods of analysis, sourcing, negotiating, stocking and tracking and an entirely different cost structure.
 
Why did he write a book on the subject? The procurement of maintenance, repair, operating and production supplies accounts for 20% of total …

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Author: MROP Cost Savings Opportunities Often Overlooked by Purchasing Community Read More »

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