
Honeywell's Challenge: Increasing Inventory Costs
Honeywell is a Fortune 100 company that provides aerospace products and services, control, sensing and security technologies for commercial buildings, safety and productivity solutions, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions.
With the continuous business expansion, Honeywell was experiencing increasing inventory costs and rising management costs, particularly for low-value, high-frequency C-type parts and components.