Inventory optimization is the most sought-after outcome from spare parts inventory projects.
Nobody wants to spend more than they need to or have less stock than they need.
That makes sense, after all inventory optimization means that you have the right balance of availability and expense.
And that’s all great in theory.
The Real-World Difficulties with Inventory Optimization
The real-world difficulty with inventory optimization is that defining the optimal spare parts inventory level is problematic. There are three main reasons for this.
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