Subject: How to Map Your Inventory Optimization Software Options

Insider Tip of the Week
Hi Friend,

Our newsletter has changed!

Based on feedback for even more direct and specific information to help you manage your spare parts inventory we will now send you a management tip each week.

We are calling this the Insider Tip of the Week.

Here is our first tip!

Use a target map to evaluate your inventory optimization software options.

What is a target map?

This is a visual way to compare different options, so that you can easily see where you need more information and which options suit you best.

Our target map is divided into four quadrants. 

For each quadrant, plot your position for each possible software option on the scale of low, medium and high.

Where the answer is low or medium you need more information before progressing. If the gap to ‘high’ cannot be closed, then do not consider that option.

Simple and effective.

To get you copy of the target map, download our Spare Parts Inventory Optimization Software: Selection Guide. The map template is in the appendix.


Or use this link http://bit.ly/Opt_Software_Guide
Keep on improving!

Phillip Slater

Spare Parts Inventory Management Specialist
Founder, SparePartsKnowHow
The Spare Parts Alliance
This newsletter is made possible with the support of our Spare Parts Alliance members.
A leader in the provision of procurement services. Helping companies manage the complex activities of MRO procurement and logistics.
http://bit.ly/v-linegroup
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
Spare Parts Inventory Management Training, Resources, and Coaching for Individuals and Teams. Improve your spare parts management know-how.
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