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Action #3: Eliminate Spare Parts Duplication

February 25 spkhadmin

Action3

The first two actions in the Inventory Cash Release Process (Have Someone Else Hold and/or Pay For Inventory and Sell Excess and Obsolete Stock) both involve taking items out of the inventory and this is also the case with Action #3: Eliminate Duplication.

Almost by definition, spare parts duplication adds no value to you as a company (although duplicated parts will inflate the value of your inventory) and so duplication should be a prime candidate for inventory reduction.

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