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How to Sell Your Obsolete and Excess Spare Parts on eBay
One of the major issues faced by almost everyone that manages spare parts is: what to do with obsolete and excess spare parts inventory? One option is to sell the items for essentially scrap value but this rarely raises more than 5c on the dollar.
Recently I met Brian Burns, a US steel industry veteran, who has worked out how to achieve returns of 25-40c on the dollar by selling obsolete and excess spare parts on eBay and the open market. This article is a transcript of a recent interview.
Is It Time To Fire Your Spare Parts Manager What if I told you that it is probable that one in two people reading this work at companies that don’t apply even the most basic principles for managing their spare parts inventory? It it time to fire your spare parts manager? Maybe so if your company is one of those making these very simple mistakes!
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How to Make Spare Parts Forecasting Work The spare parts forecasting accuracy achieved is driven by both the validity of the fundamental premise, that is, can the future of that part be predicted by looking at the past, and the quality of the data that is used in the analysis, not the sophistication of the modeling.
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3 Mistakes That You Are Probably Making With Critical Spare Parts Management There are many issues that have the potential to keep spare parts managers awake at night but without doubt, critical spare parts management must be number 1. Nobody wants to be responsible for not having a critical spare part when it is needed.
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The Big Lie of Spare Parts Obsolescence
One of the peculiarities of spare parts inventory management is that, generally, the supply chain is established to operate only one way.
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