Subject Area: Asset Recovery Methods
Are you looking to remove surplus items from your inventory?
Do you understand the asset recovery methods that will deliver you the maximum value for your surplus spare parts?
Investment in MRO and spare parts items goes beyond just the purchase price tag.
With the high cost of warehouse space to store surplus inventory and parts, and, in many countries, the potential tax benefits from inventory write-down, properly managing these items is very important to a business’s success.
More and more industry leaders are embracing industrial asset recovery as a way of maximizing their return when removing surplus inventory.
The problem is that most companies are unsure on the process and methods to kick-start their own asset recovery strategies.
While each strategy should be uniquely tailored to your company and industry there are several staples that are a constant across industrial asset recovery.
This video, from NRI Industrial, an industry leader in corporate asset recovery, explains 7 different asset recovery methods, what they are and why you would use them.
Run time: 2:51
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NRI Industrial, a member of our Spare Parts Alliance
You might also be interested in reviewing all of our complimentary spare parts management guides.
Posted by: Phillip Slater