Does your company spend money (working capital) on spare parts inventory that you don’t actually need?
Do you end up holding them for a long time before deciding to remove those parts and incur the cost of the obsolescence?
Perhaps a better idea would be to not buy those parts in the first place.
This is why decision-making is the key to keeping your inventory low.
In this short video Phillip Slater explains.
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Posted by: Phillip Slater