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Excess Spare Parts Inventories: a Symptom or the Problem?

December 21 Phillip Slater

Subject Area: Excess Spare Parts Inventories

Excess Spare Parts InventoryConcerned about the excess spare parts inventories that your company has?

Do you think that this is the problem that needs to be solved?

The reality is that excess inventory is a symptom, not the problem.

The ‘problem’ is something else in your spare parts management system, and this leads to holding excess spare parts inventories.

Failure to understand these types of ‘rules’ around spare parts inventory leads to both increased risk and increased expenditure on spare parts inventory. Risk and costs that are avoidable. If you know how.

This video explains why with spare parts, excess spare parts inventory is the symptom, not the problem.

 
This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must Know About Spare Parts Inventory

Run time: 2 minutes 05 seconds


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For information on spare parts inventory characteristics and our spare parts management online training please visit our Pro Level page.


 
 
 
Posted by: Phillip Slater
 

Filed Under: Video Tagged With: excess inventory, inventory optimization, mro, spare parts inventory

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SparePartsKnowHow.com: The most comprehensive online resource dedicated to spare parts inventory management. Visit the  Welcome page to read more >>> spare parts alliance

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