Subject: Friend, the unspoken problem with inventory optimization

Insider Tip of the Week
Hi Friend,

Is inventory optimization an illusion?

The unspoken problem with inventory optimization is that it is fleeting.

This is because things change.

Your forecast changes. 
Your supplier changes the product range.
Your own processes improve.

All this means that the goal of inventory optimization is actually a moving target.

This week's Insider Tip of the Week deals with the real world issues with inventory optimization. 

Here is our tip:

Think 'appropriate' rather than 'optimal' inventory.



Or use this link https://bit.ly/35nvUzd

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We are planning a LIVE event in March 2021!

A two-day workshop titled,
MRO and Critical Spare Parts Optimisation 2021

Tuesday 23 – Wednesday 24 March 2021
Melbourne, Australia

Click here to learn more
Keep on improving!

Phillip Slater

Spare Parts Inventory Management Specialist
Founder, SparePartsKnowHow
Recommended Software and Services
We know these companies very well and will happily recommend their software and services.
Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. 
http://bit.ly/RSI_SPKH
NRI Industrial specializes in the management and sales of surplus spare parts. They provide solutions to recover value from overstock, surplus and obsolete inventory. 
https://bit.ly/NRISolutions
Provides comprehensive education programs in reliability and maintenance practice.
Based at the University of Tennessee, Knoxville.
http://bit.ly/RMICUT
Spare Parts Management Specialist and Consultant.
Author of Spare Parts Inventory Management and Founder of SparePartsKnowHow
http://bit.ly/phillipslater
An online knowledge platform providing access to spare parts inventory management training, resources and services. 
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
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