Procurement plays a crucial role in spare parts inventory management, ensuring the availability of parts while minimizing costs and waste.
By effectively sourcing, negotiating, and managing the supply of spare parts, procurement services contribute to streamlining inventory, enhancing decision-making, and reducing costs.
However, achieving these outcomes requires an alignment of goals between procurement and spare parts inventory management.
When the goals are not aligned, the procurement function can, without realizing it, actively work against effective spare parts management and reducing costs.
How can this be, I hear you say.
Surely, a key goal for procurement will be cost reduction.
Yes, it will be, however, it is how that goal is achieved that really matters.
