Subject Area: Inventory Sharing Solution
For those of you that manage spare parts inventory across multiple sites, how often have you had one site purchase a new spare when another site has an excess quantity of the same item on the shelf?
What about experiencing extended downtime waiting on a spare to be delivered when, with a little bit of insight, you could have gotten one from a nearby sister-site?
More often than you’d care to admit.
These are common scenarios with companies that manage spare parts at more than one location and don’t have an inventory sharing solution.
Despite their zillion-dollar ERP systems many companies lack quick and easy insight into what their own company is holding elsewhere. And that costs money.
If you operate with multiple sites using similar or the same spare parts, what would you say is one of the easiest and most cost-effective ways to deal with excess and obsolete inventory?
How about preferential use of the parts elsewhere within your company?
The effect of this is to delay or even remove the need for purchasing a new item and so this saves the company from unnecessarily spending its money. Too simple right?
Like most good things it will require a bit of set up and management, but the results can be enormous.
If implementing an inventory sharing solution is a concern for you, I can help.
Please contact me to discuss how I can help you get this right.
Keep on improving!
Posted by Phillip Slater