Subject: Inventory Optimization - A Zero-Sum Game?

New Article: Spare Parts Inventory Optimization - A Zero-Sum Game?
Issue #191

Hi Friend,

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Regular readers will know that our next instructor-led online training course starts on June 27th.
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Spare Parts Inventory Management - A Zero Sum Game?

Why is it that when discussions turn to spare parts inventory optimization, maintenance and procurement are cast as natural enemies? There is often an attitude of inventory optimization being a competition with winners and losers. That is, if someone ‘wins’ then someone else must lose. In economic theory, this is known as a zero-sum game and is generally stated as: any participant’s gain or loss is balanced by the losses or gains of other participants.

My latest article explains why this isn't true with spare parts inventory optimization.

Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow.com

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Latest Articles and Videos

Lubrication Management and the Storeroom
Lubrication management is one of the most important aspects of maintenance. Get your lubrication management wrong and almost everything else you do is wasted. And lubrication management is one area where the storeroom and maintenance really do need to work closely together if the required results are to be achieved.


The Catch-22 of Spare Parts Inventory Optimization
What stops companies from achieving all that they could with spare parts inventory optimization? Put another way, why do companies continue to waste money buying spare parts they don’t need when the course to prevent this is so well known?
Perhaps the answer lays in the ‘Catch-22 of Spare Parts Inventory Optimization’.


How Do You Know That Your Spare Parts Warehouse/Storeroom Personnel and Managers Are Qualified?
When you hear that someone has a job that carries significant responsibility for the expenditure of company funds, or that has the potential to significantly impact operational outcomes, it is reasonable to assume that they know and understand the intricacies of that function. Right?

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