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Appropriate Inventory Settings

September 14 Phillip Slater

Subject Area: Appropriate inventory settings

appropriate inventory settingsTraps to Avoid: Lesson 4

Be wary of using any form of weighted sorting.

This is where each feature is given a weighting in terms of the contribution to the overall performance and each solution is scored.

An overall score is then determined by multiplying the score by the weighting.

These processes often fail to provide the most appropriate outcome for two reasons.

This spare parts inventory optimization trap is explained in this short video, an edited extract from a live webinar titled: Selecting the Right Spare Parts Inventory Optimization Software for Your Company

Run time: 2:10


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Posted by: Phillip Slater
 

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

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