Subject: Friend, how do you define best practice?

Insider Tip of the Week
Hi Friend,

How do you define best practice?

Our research identified that, among the people that manage spare parts inventory, very little is known about best practices.

People don't know what top performers do better than others, and what to focus on for better results. 

Here is our tip:

Think about best practice in terms of what actually 
makes a difference to results, not just metrics and ratios.



Or use this link https://bit.ly/3rPr7jj

*********

New Infographic: 7 Methods of Asset Recovery

Are you looking to maximize your return from obsolete or surplus assets?
Do you know how many different options there are, when and how they should be used?
The real problem here is that not all methods are equal.

Our new infographic identifies 7 methods of asset recovery, and the benefits and challenges with each. 
Keep on improving!

Phillip Slater

Spare Parts Inventory Management Specialist
Founder, SparePartsKnowHow
Recommended Software and Services
We know these companies very well and will happily recommend their software and services.
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
An online knowledge platform providing access to spare parts inventory management training, resources and services. 
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
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