Subject: Inventory Optimization in a COVID-19 World

Inventory Optimization in a COVID-19 World
Hi Friend,

As the world continues to grapple with the corona virus outbreak I sense that the focus in industry is starting to change.

Initially, the focus was on the scramble to deal with the sudden supply chain shocks.

While that problem may not be entirely solved, the focus is now shifting to a realization that this situation will be with us for some time to come.

So what does this mean?

It means paying attention to the things that you can control within your own environment.

When it comes to inventory optimization there is much more in your control than many people realize.

For example, you can control your mindset and the way you approach inventory optimization.

To help with this the feature content for this newsletter is:
  • Article: Adopting a Zero Inventory Mindset
  • Video: Inventory Optimization is Multi-Factorial 
  • Audio: Inventory Optimization Software Solution
  • Training: The Spare Parts Mastery Program
These items will help you identify what you can control when working to optimize your inventory.

Scroll down for the links.

Stay safe.
Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow

Spare Parts Inventory Management Training
The Spare Parts Alliance
This newsletter is made possible with the support of our 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.
http://bit.ly/SP_KH
Feature Content
Feature Article: Adopting a Zero Inventory Mindset

A zero inventory mindset is not an action, it is a perspective for all of your future decision-making. The key is to ask three questions before making any commitment to continuing to hold or adding to your inventory.

Read the article here: https://bit.ly/3e4BNmh
Feature Training: Spare Parts Management Mastery

Our Mastery program is designed for the people who are assigned with the task of implementing changes in the way your company manages spare parts.

Learn more here: https://bit.ly/SPKHMastery
Feature Audio: Inventory Optimization Software Solution

Listen in as Sarah Barnes-Humphrey, Founder and Host of Lets Talk Supply Chain, interviews Chris Dietrich of Right Sized Inventory. 

Listen here: https://bit.ly/3f6G3Tt
Feature Video: Inventory Optimization is Multi-Factorial

The issue with inventory optimization is that it is multifactorial. 
That means it relies on a whole range of different factors in order to be truly effective.

Watch here: https://bit.ly/38y9dbA
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
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    This is an online snapshot of a newsletter created by the owner of SparePartsKnowHow.com Subscriber (Initiate Action Pty Ltd, P.O Box 628, 3039 Moonee Ponds, Australia) and sent via GetResponse on 2020-07-07. Report abuse