The management of spare parts inventory involves a lot of numbers.
Stock ID numbers. Location numbers. Purchase order numbers. To name a few.
The numbers that seem to get the most attention however are the dollar value numbers.
How much is on hand and how much is used.
These numbers form the basis for most spare parts inventory management reporting and so people spend a lot of time (and money) examining these numbers.
For access to this post, and all of our content, join using the button below.
If you are already registered then you need to log-in.
If you are already registered then you need to log-in.
For information on our Pro Level membership please visit our Pro Level page.
Posted by: Phillip Slater