MELVILLE, N.Y. and DAVIDSON, N.C., Feb. 13, 2019
/PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM),
a premier distributor of Metalworking and Maintenance, Repair and
Operations (MRO) products and services to industrial customers
throughout North America, today
announced that the United States Patent and Trademark Office has
issued it a patent covering a technology system and business
process to help its customers document various inventory and
operational cost savings achieved through use of MSC's
services.
The newly patented system and process involves a computer-based
data warehouse that contains a cost-savings delivery mechanism.
When a manufacturing customer utilizes one of MSC's ControlPoint®
inventory management solutions, such as vending, customer-managed
inventory or vendor-managed inventory, the system helps identify
the actual savings achieved against specific cost-reduction metrics
selected by the customer. In addition to savings associated with
inventory management, MSC's system also calculates the impact of
savings from the metalworking- and operations-related products and
solutions delivered by MSC, including improvements in productivity,
processes, procurement methods, pricing and freight. The system
then produces a customized report quantifying the realized cost
savings.
"MSC's patented cost-savings documentation system supports our
associates' ability to bring deep expertise and insights to
customers to not only keep their manufacturing operations up and
running, but to improve their productivity, profitability and
performance," said Doug Jones,
Executive Vice President and Chief Supply Chain Officer for MSC.
"Our system is unique in that it provides our customers the ability
to select the specific savings metrics that are most important to
them in managing their operations and the automated system
quantifies the actual savings achieved."
About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American
distributor of metalworking and maintenance, repair, and operations
(MRO) products and services. We help our customers drive greater
productivity, profitability and growth with more than 1.6 million
products, inventory management and other supply chain solutions,
and deep expertise from over 75 years of working with customers
across industries.
Our experienced team of over 6,500 associates is dedicated to
working side by side with our customers to help drive results for
their businesses - from keeping operations running
efficiently today to continuously rethinking, retooling, and
optimizing for a more productive tomorrow. For more information on
MSC, please visit mscdirect.com.
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SOURCE MSC Industrial Supply Co.