Subject: Friend, adopting a 'zero inventory' mindset

Insider Tip of the Week
Hi 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. 

But none of us live in an ideal world and we can’t get instant replenishment.

This week's Insider Tip of the Week deals with adopting a 'zero inventory' mindset. A zero-inventory mindset is about exploring the opportunities for reducing the inventory investment rather than accepting that inventory is a given.

Here is our tip:

Adopting a 'Zero Inventory' mindset is not an action, 
it is a perspective, or framework, for all future decision-making.



Or use this link https://bit.ly/SPTOTW7

*********

We are planning a LIVE event in March 2021!

A two-day workshop titled,
MRO and Critical Spare Parts Optimisation 2021

Tuesday 23 – Wednesday 24 March 2021
Melbourne, Australia

Click here to learn more
Keep on improving!

Phillip Slater

Spare Parts Inventory Management Specialist
Founder, SparePartsKnowHow
The Spare Parts Alliance
This Insider Tip of the Week is made possible with the support of our Spare Parts 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.
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
You may unsubscribe or change your contact details at any time.

    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 2020-12-22. Report abuse