Spare Parts Know How

Spare Parts Inventory Management Training

  • Log-In
  • Pro Level Membership
  • Resources
    • Resource Library
    • Services Referrals
    • Online Training Support
    • Blog Posts
    • Management Guides
    • Policy Templates
    • ROP Calculator
    • Online Forum
    • Webinars and Events
    • Reports & Books
    • Glossary
  • Contact
  • About
    • Clients
    • Testimonials
    • FAQs
    • Phillip Slater
  • Services Referrals
  • Instructor-led Training
  • Consulting
  • Reliability Certification

Excess and Obsolete Inventory Disposal

March 21 Phillip Slater

Subject Area: Excess and Obsolete Inventory Disposal

Excess and Obsolete Inventory DisposalHow many companies can you name that have a well-defined system for disposing of excess and obsolete spare parts inventory? Not many I bet.

The problem is that typical spare parts management systems are designed to get stuff into the storeroom, not remove the stuff no longer needed.

As a result, companies have significant volumes and values of excess and obsolete inventory that they WILL NEVER USE. Sound familiar?

 

Welcome! As a guest you can read select articles.To unlock full access to all of our content and training CLICK HERE

 
 

In my experience, by adopting a proactive approach to excess and obsolete inventory disposal, you can ensure that these unwanted and excess items don’t accumulate (at least too much) and maybe can even be converted into cash.

Imagine that!

When was the last time that your company sold some of its excess and obsolete spare parts inventory?
Never?

In 2003 I wrote a book titled, Generating Risk Free Cash. This was the first time that I described what I called the 7 Actions for Inventory Reduction.

Action #2 on that list was: Sell Excess and Obsolete Stock.

Back then selling excess inventory was a somewhat time consuming and cumbersome process.

Today, however that is no longer the case. Technology and logistics have moved on and this process is much easier.

The problem is that many companies still think like it is 2003 and they do nothing.

If you are ready to act like you live in the present and want to discuss excess and obsolete inventory disposal, I have a solution.

Please contact me to discuss how I can help you get this right.

Keep on improving!

Phillip Slater

Posted by Phillip Slater

Filed Under: Inventory Management

Subscribe for FREE 'Insider Hot Tips'

Pro Level Membership

Our Pro Level Membership will equip you with the know-how and skills to effectively optimize and manage all aspects of your spare parts inventory.
Click here to read more and to join

Services Referrals

To help ease your burden of a vendor search we are happy to provide referrals to service and product providers that we know and trust.
Read more...

40 Key Lessons for Spare Parts Inventory Management and Optimization

This complimentary management guide identifies 40 key lessons for spare parts inventory management and optimization.
Read more...

Latest Blog Posts

  • Using Spare Parts Metrics to Tell a Story
  • Spare Parts Inventory Training
  • Inventory Optimization Solution
  • Inventory Sharing Solution
  • Excess and Obsolete Inventory Disposal

Learn more

About
Contact Us
FAQs
How to join
Resellers

User Login

You are not currently logged in.








» Lost your Password?
  • Email
  • LinkedIn
  • Twitter
  • YouTube
Copyright © 2022 IPIAIGHT PTY LTD.