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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?
7 Things That Every Senior Manager and CFO Should Know About Spare Parts Management – Part 7
Over the course of this series I have provided articles relating to spare parts operations and inventory management issues that I think ought to be of interest to senior managers and CFOs. The issues discussed are not operational but rather they relate to the business impact of spare parts inventory management decisions, which is usually under-estimated by senior management. The final article in this series is: Transforming Your Spare Parts Operations Requires C-Level Engagement, Not Just Support.
Corrosion Protection of Spare Parts
Too often when I visit storerooms around the world I see components that are held as spare parts but where corrosion has, in some cases, ruined the part. Or at least made it unfit for use – which in practical terms is the same thing. In far too many storerooms, corrosion is largely ignored and it may only be when someone comes to need the part that the corrosion gets any attention.
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