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| Hi Friend,
How do you decide whether or not to stock a spare part?
Is the time and effort spent on this decision not only unnecessary but perhaps actually wasted?
One of the most important, perhaps even THE most important, decision that will be made regarding any individual spare part is whether or not to stock that part.
That is, should you hold that spare part as an item in your inventory or not?
This week's Insider Tip of the Week explains why this decision is not trivial and what you should consider in making this decision.
Here is our tip:
When deciding whether or not to stock a spare part put more effort into considering the range of possibilities
Or use this link https://bit.ly/SPTOTW3 |
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Keep on improving!
Phillip Slater
Spare Parts Inventory Management Specialist Founder, SparePartsKnowHow |
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The Spare Parts Alliance
This newsletter is made possible with the support of our Spare Parts Alliance members. |
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A leader in the provision of procurement services. Helping companies manage the complex activities of MRO procurement and logistics. http://bit.ly/v-linegroup |
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| 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
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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 |
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Provides comprehensive education programs in reliability and maintenance practice. Based at the University of Tennessee, Knoxville. http://bit.ly/RMICUT |
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| Spare Parts Management Specialist and Consultant. Author of Spare Parts Inventory Management and Founder of SparePartsKnowHow http://bit.ly/phillipslater |
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Spare Parts Inventory Management Training, Resources, and Coaching for Individuals and Teams. Improve your spare parts management know-how. |
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