Subject Area: Slow Moving Spare Parts Inventory
Concerned about the number of slowing moving items in your spare parts inventory?
Concerned that these are a sign of wasted money and poor inventory management?
The reality is that with spare parts inventory you will need to hold items that will not move.
This is a necessary part of managing spare parts and is one fundamental difference with ‘standard’ inventory management.
Failure to understand these types of ‘rules’ around spare parts inventory leads to an increased risk in spare parts inventory. Risk that is avoidable. If you know how.
This video explains why with spare parts inventory you will need to hold items that will not move.
This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must Know About Spare Parts Inventory
The key take away from this video is that with spare parts you will have slow moving inventory and this is a necessary part of spare parts management.
Run time: 2 minutes 23 seconds
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Posted by: Phillip Slater