Stellar Industrial Supply Inc., 3M Co. save joint customers millions of dollars
Stellar Industrial Supply Inc., Tacoma, Wash., named partner 3M Co., St. Paul, Minn., the winner of its Documented Cost Savings “Horse Race” Winner of the Year Award for 2017. The Horse Race Award recognizes partners like 3M who work closely with Stellar Industrial Supply to help joint customers reduce or eliminate plant and production inefficiencies. In 2017 3M and Stellar Industrial Supply saved joint customers more than $5.3 million in documented cost savings. Sandvik Coromant, who worked with Stellar to save joint customers more than $3.1 million in documented cost savings in 2017, was named 2nd place winner.
Combined, Stellar Industrial Supply and all its partners combined saved joint customers more than $17.5 million in documented cost savings in 2017.
“We work closely with our partners like 3M and Sandvik Coromant daily to identify opportunities for our customers to maximize plant operations and efficiencies. In addition to the work accomplished with 3M and Sandvik Coromant, we are ecstatic to report that last year combined, Stellar Industrial Supply and its partners generated more than $17.5 million combined in customer approved document cost savings,” said Stellar Industrial Supply President and CEO John S. Wiborg. “Creating better capacity through better processes leads to increased revenue per machine, while also reducing capital requirements for new equipment,” continued Wiborg.
Stellar Industrial Supply distributes more than 35,000 MRO (maintenance, repair and operation) products and tools from more than 1,500 brands for Safety, Metalworking, Marine Supply, Aerospace, and other general manufacturing and processing organizations, and also offers customized Indirect Material Management solutions.
The overriding company vision for Stellar Industrial Supply is to create “Ideal Customer-supplier partnerships” that enable it and its partners like 3M and Sandvik Coromant to act as advocates for its joint customers and their best interests. The company prides itself on delivering more informed, educated product consultation and selection. Its Documented Cost Savings Supplier of the Year award reflects that mission.