Reducing costs for the Oil & Gas Industry

Stockholding

The Challenge
A customer came to us with a variety of very similar sized bars being used for various applications and required help with looking at reducing costs.

The Solution
TM Steels expert engineers got together with the client and discussed all options. With some creative thought and using our vast knowledge of the oil and gas industry, we were able to devise a solution that reduced the number of parts required by creating an ‘envelope part’ that fits all.

The resulting ability to purchase bigger quantities of the raw material from the mill, allowed TM to produce larger quantities more cost effectively and hold them in stock.

The Result
Savings in both cost and lead times for the client.