CHICAGO, July 28 /PRNewswire/ -- Compaq Computers Corporation (NYSE: CPQ)
has signed a three-year materials management outsourcing agreement with
Grainger Integrated Supply, a unit of leading maintenance, repair, and
operating supplies distributor W.W. Grainger, Inc. (NYSE: GWW). Under the
terms of the agreement, Grainger Integrated Supply will assume responsibility
for on-site management of annual indirect materials expenditures of more than
$3 million for Compaq Real Estate & Operating Services. The agreement covers
Compaq's corporate campus and Cypress manufacturing plant, as well as other
Compaq facilities in the Houston, Texas, area.
"Our work with Compaq will reduce their total indirect materials costs,
and allow them to focus on the business of making and marketing computers,"
says Pete Torrenti, Vice President and General Manager of Grainger Integrated
Supply. "The agreement is a master contract that allows for seamless expansion
to new Compaq sites or subsidiaries."
Grainger Integrated Supply will manage indirect materials inventory,
sourcing, purchasing and procurement logistics for the two Compaq operations.
Compaq will receive consolidated delivery of products from multiple suppliers,
receive a single invoice from Grainger Integrated Supply, and make a single
payment -- all of which will help to reduce total indirect materials costs.
Compaq Computer Corporation, a Fortune 100 company, is a global
information technology company. Compaq is the fifth largest computer company
in the world and the largest global supplier of personal computers. With
worldwide sales of $24.6 billion in 1997, Compaq develops and markets computer
hardware, software, solutions and services, which are sold and supported in
more than 100 countries through a network of authorized Compaq marketing
partners.
W.W. Grainger, Inc. (GWW), with 1997 sales of $4.1 billion, is the leading
distributor of maintenance, repair, and operating (MRO) supplies and related
information to the commercial, industrial, contractor, and institutional
markets in North America. GWW shares are traded on the New York and Chicago
stock exchanges. For more information, visit Grainger on-line at
http://www.grainger.com.
SOURCE W.W. Grainger
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