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A Specific Multi-National Company (MNC) Problem

July 6 Phillip Slater

Most of my career has been spent working with multi-national companies (MNCs). Sometimes these companies have operations in just a couple of countries. Sometimes they have hundreds of locations around the world.

One thing they usually have in common is a disjointed approach to spare parts inventory management.

They lack visibility across their locations and their management systems are developed locally.

This results in the purchase of stock items when within their own network they have excess stock that they could easily transfer.

Now imagine these companies seeking to reduce their inventory through selling excess stock. To say the least the result is likely to be sub-optimal.

 
NRI Industrial, a member of the Spare Parts Alliance, has written an article examining the challenges that MNCs face in this situation.

Reading this article is highly recommended if you are at all interested in the asset recovery and free-ing up the cash that is frankly just laying about in your warehouse or yard.

Click here to read the article.
 
 
approach to spare parts inventory management
 
 


You might also be interested in this complimentary guide book: The Complete Guide to Asset Recovery


 
 

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

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Recommended Software and Services


Inventory Optimization Software


Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. Read more...

Asset Recovery


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

Reliability and Maintenance Education


The Reliability & Maintenance Center at the University of Tennessee, Knoxville, provides comprehensive programs of education in reliability and maintenance practice. Read more... RMC

Spare Parts Management Consulting


Phillip Slater, Founder of SparePartsKnowHow.com, spare parts inventory management specialist, consultant, guide, and mentor. Read more... Phillip Slater  

Online Resources, Training, and Support


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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