One of the major problems with spare parts management is the attitude of ‘set and forget’. You know this situation: at some point in the past the holding levels for an item were set and they have not been reviewed since… …unless,

                In short, this best practice requires that you create transparency in your spare parts inventory management through the use of classifications, metrics and reporting. Transparency enables you to see what is happening with different types of inventory, with the value, and with

Defining best practice for spare parts management can be tough.           In fact, our recent research identified that, among the people that manage spare parts inventory, very little is known about best practices – that is, what top performers do better than others, what to focus

So you want to go down the route of achieving best practice inventory management for spare parts. Or maybe you want to at least understand what consitutes best practice inventory management so that you can implement improvements that take you in that direction. One problem of course is actually identifying