Recently I visited a company located near Hobart, in Tasmania. Hobart is the southern most capital city in Australia and possibly the world.  One of the interesting things about Hobart (from a spare parts inventory perspective) is that it is a long way away from many industrial centres that supply

In a previous post we demonstrated that the classic ‘saw tooth’ diagram associated with inventory management and control is sometimes not at all representative of reality for engineering materials and spare parts. In this post, I am going to expand on this to show just how much it can cost