In spring 2022, oil and lubricant distributors faced uncertain supply, changing demand and rising prices. The timing of a return to more predictable conditions was unclear.
For businesses managing lubricant inventory, one practical step was to stay in close contact with their suppliers. Sharing upcoming needs, future orders and changes in usage gave suppliers more information to use in their planning.
Make Planning a Conversation
Open communication cannot guarantee availability, but it can help a business and its supplier respond to changing conditions. Reviewing the products already in use and the quantities likely to be needed gives both sides a clearer starting point.
InterState’s message to customers was to discuss everyday requirements and longer-term plans with the lubrication team. Those conversations remain a useful part of building an inventory strategy around an operation.
Adapted from InterState’s original story, published April 20, 2022. Wording has been edited for clarity.