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May Content Summary: Supply Chain Reliability, Monte Carlo Simulation, & Asset Recovery
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| Hi Friend,
I hope that you are staying safe during the current global pandemic. |
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During the month of May we have had plenty of great content from our Spare Parts Alliance members.
So today, ICYMI, I am providing a collation of the links.
Here goes.
This video from our V-Line Europe, covers COVID-19 supply chain disruptions in both Europe and the USA – including mode of transport and freight issues.
It then explains how a combination of a change in MOT and applying some key processes can improve supply chain reliability by 16%. Watch
Software and techniques for inventory optimization have evolved over many years. While this sounds like good news, the real issue is that the approach used in software is not always clear or transparent. One company that is on a mission to correct this is Right Sized Inventory.
Recently I interviewed their CEO, Michael Worden about Monte Carlo Simulation: Inventory Optimization, Spreadsheets, and Black Box Solutions. Read.
The identification and removal of surplus, excess, or obsolete inventory can be a major headache for most companies. So much so that it often seems easier to ignore than to do something.
NRI Industrial has produced an ebook that explains everything that you need to know and do to address this: The Complete Guide to Asset Recovery. Read
That is a ton of content! |
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Keep on improving!
Phillip Slater Founder, SparePartsKnowHow
Demystifying Spare Parts Inventory Management |
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The Spare Parts Alliance Connecting you to suppliers that you can trust. |
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A leader in the provision of procurement services. Helping companies manage the complex activities of MRO procurement and logistics. http://bit.ly/v-linegroup |
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Right Sized Inventory uses patented inventory-optimization predictive analytics to analyze your supply chain and establish best target inventory levels. http://bit.ly/RSI_SPKH |
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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 |
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Provides comprehensive education programs in reliability and maintenance practice. Based at the University of Tennessee, Knoxville. http://bit.ly/RMICUT |
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Spare Parts Management Specialist and Consultant. Author of Spare Parts Inventory Management and Founder of SparePartsKnowHow http://bit.ly/phillipslater |
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Spare Parts Inventory Management Training, Resources, and Coaching for Individuals and Teams. Improve your spare parts management know-how. http://bit.ly/SP_KH |
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