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How to Select the Right Inventory Optimization Software

January 11 Phillip Slater

Topic Area: Inventory Optimization Software One of the major issues that people face with spare parts inventory management is the need to optimize the inventory. It is because, with this type of inventory, there are just so many different parts, so many different SKUs that you need to review and

Filed Under: Inventory Optimization, Spare Parts Alliance Tagged With: inventory optimization, RSI, software, spare parts inventory, video

7 Methods of Asset Recovery Infographic

January 4 Phillip Slater

Not All Methods of Asset Recovery Are Equal Are you looking to maximize your return from obsolete or surplus assets? Do you know how many different options there are, when and how they should be used? The real problem here is that not all methods are equal. Some require specific

Filed Under: Spare Parts Alliance Tagged With: asset recovery, excess inventory, mro, NRI, obsolete, spare parts inventory

Surplus and Obsolete Inventory | Asset Recovery Tips

November 30 Phillip Slater

Subject Area: Surplus and Obsolete Inventory This is great article from Michele Lester and Steve Stipanovich from NRI Industrial. Recently, NRI Industrial presented an in-depth webinar titled, “How to Recover Value from Surplus and Obsolete Inventory”. In conjunction with that presentation NRI Industrial produced an article covering all the key

Filed Under: Spare Parts Alliance Tagged With: asset recovery, excess inventory, inventory optimization, mro, NRI, obsolete, spare parts inventory

Asset Recovery Methods: 7 Different Methods for Surplus Industrial Assets

November 16 Phillip Slater

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

Filed Under: Spare Parts Alliance Tagged With: asset recovery, excess inventory, mro, NRI, spare parts inventory, video

Managing Surplus Industrial Spare Parts | Who Is NRI Industrial?

October 26 Phillip Slater

Subject Area: Surplus Industrial Spare Parts Do you have surplus industrial spare parts? Are you daunted by the task of getting maximum value from removing those parts? Then read on to learn about NRI Industrial. NRI Industrial is an industry leader in corporate asset recovery. Their solutions allow businesses to

Filed Under: Spare Parts Alliance Tagged With: asset recovery, excess inventory, mro, NRI, video

Webinar: How to Recover Value From Surplus Obsolete Inventory

October 12 Phillip Slater

Subject Area: Recover Value From Surplus Obsolete Inventory NRI Industrial, a member of our Spare Parts Alliance, recently presented a not-to-be-missed webinar titled: How to Recover Value From Surplus & Obsolete Inventory Here is the summary What is the one thing almost every organization has in common? The answer:

Filed Under: Spare Parts Alliance Tagged With: asset recovery, excess inventory, NRI

Spare Parts Management Guides and Infographics

September 30 Phillip Slater

This page provides links to the most popular complimentary spare parts management guides and downloads at SparePartsKnowHow.com.  

Filed Under: Spare Parts Alliance

Spare Parts Inventory Optimization Software: Selection Guide

September 14 Phillip Slater

Subject Area: Spare Parts Inventory Optimization Software So, you’ve decided that you’ve had enough of the excess inventory, too many stock outs, and poor inventory service levels and want to purchase inventory optimization software to help optimize your holding levels. Great! No doubt by now you have done an online

Filed Under: Spare Parts Alliance Tagged With: inventory optimization, RSI, software

Spare Parts Inventory Webinar: 7 Things Every Senior Manager Must Know

September 10 Phillip Slater

spare parts management policies

For most asset-intensive companies, spare parts are not much thought about at all when in ample supply but become the number one focus for survival when not available. Unfortunately, many companies still view spare parts management as a low-level operational task. As a result, these companies: Waste millions of dollars

Filed Under: Spare Parts Alliance, Video Tagged With: mro, procurement

Asset Recovery: The Complete Guide

August 13 Phillip Slater

Asset Recovery

The identification and removal of surplus, excess, or obsolete inventory can be a major headache for most companies. So much so that it often seems easier to ignore than to do something. But that approach can’t last forever as this ‘zombie’ inventory is a drain on the balance sheet and

Filed Under: Spare Parts Alliance

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Alliance Members

Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. Read more... NRI Industrial specializes in the management, marketing and sales of surplus industrial assets. They provide solutions to recover value from overstock, surplus and obsolete inventory. Read more... NRI Industrial The Reliability & Maintenance Center at the University of Tennessee, Knoxville, provides comprehensive programs of education in reliability and maintenance practice. Read more... RMC Phillip Slater, Founder of SparePartsKnowHow.com, spare parts inventory management specialist, consultant, guide, and mentor. Read more... Phillip Slater SparePartsKnowHow.com: The most comprehensive online resource dedicated to spare parts inventory management. Visit the  Welcome page to read more >>> spare parts alliance

Latest Blog Posts

  • Optimization Software Selection is Not Trivial
  • Transforming Spare Parts Operations Requires C Level Engagement
  • Our Thoughts on True Optimization™
  • 37% of Money Spent on Spare Parts Is Wasted
  • Spare Parts Management Decisions: Your Business Profit Relies on Them

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