Subject: Friend, adopting a 'zero inventory' mindset
Friend, adopting a 'zero inventory' mindset
December 22nd, 2020 at 11:59 pm AEDTInsider Tip of the WeekHi Friend, Are you concerned with how much inventory you have in stock? In an idealized world there would be zero inventory. Instant replenishment would mean that whenever an item is needed it would be instantly available. Bu ...
Friend, managing obsolescence starts at the beginning
December 15th, 2020 at 11:59 pm AEDTInsider Tip of the WeekHi Friend, Do you realize that one of the peculiarities of spare parts inventory management is that, generally, the supply chain is established to operate only one way? It is almost like people see planning for the management o ...
Friend, do you know how to get full value from your excess and obsolete spares?
December 8th, 2020 at 11:59 pm AEDTInsider Tip of the WeekHi Friend, Almost every company with MRO and spare parts inventory has excess and/or obsolete spares. The value and quantity of these spares really depends on the way in which excess and obsolete spares are managed. This week's ...
Friend, how to establish a robust repair/replace framework
December 1st, 2020 at 11:59 pm AEDTInsider Tip of the WeekHi Friend, Do you need to manage notable and repairable spares? Is balancing the reality of high downtime costs with the repair and replace costs resulting in sub-optimal outcomes? This week's Insider Tip of the Week discusses ...