Subject Area: Money Spent on Spare Parts
Are you concerned about the amount of money tied up in your spare parts inventory?
Would you be surprised to learn that 37% of the money spent on spare parts is wasted?
This is true.
How do we know this?
Years of experience in reviewing the spare parts inventory of major asset-intensive companies.
This video explains how we can be so certain.
The video shows an actual inventory reduction chart showing how the value of inventory can be reduced over a period of time, without any negative impact on risk and operational availability.
Using the right techniques, this reduced level of spare parts inventory can be maintained on an ongoing basis.
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 49 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