Did You Know That You are in the Hardware Store Business?

Published April 9, 2015

Read the full blog post at IMPOmag.com

In a recent seminar for high-level plant managers and plant engineers, a particular session related to the world of MRO operations was held. The speaker asked how many in the audience are in the manufacturing business; all raised their hands. When the speaker next asked, “How many of you are in the hardware store business,” no one responded. With that, the speaker averred that they all were in the hardware business and proceeded to explain why.

DO YOU REALIZE THAT YOU ARE IN THE HARDWARE STORE BUSINESS, AND YOU LOSE MONEY EVERY DAY YOU ARE THERE?