Arrow Engine Co., Tulsa, produces replacement engines and accessory products. Its major products are slow-speed engines, four- and six-cylinder engines, generator sets, and chemical injector pumps for the oil and gas industry.
Arrow was encouraged by its parent company to consolidate its purchasing with other division. “We have about 20,000 parts in our system,” explains Joel Rogers, senior buyer, “but we certainly don’t stock that much. Inventory, after all, isn’t a financial asset. So we rely on our suppliers.”
Rogers has found a way to create reliable network of vendors. MfgQuote.com is an online production-level solution for OEMs and suppliers of engineered-to-order components, such as the Arrow product line. The site instantly and “intelligently” matches buyers’ requirements with potential suppliers that have the expertise, credentials, and capacity for the job. Over 40,000 buyers (including aerospace, transportation, consumer products, electronics) use MfgQuote.com to source, collaborate, and receive quotes online for more than 200 manufacturing processes — including metalcasting.
“MfgQuote.com has been great for us,” states Rogers. “We can publish our requirements on the open market and have our requests for quotes seen by a wide universe of vendors who at that very moment, have the expertise, credentials, and capacity to produce that particular part.”
Arrow has documented time and money savings over $200,000 in just five months of sourcing parts on MfgQuote.com.