Subject Area: Spare Parts Inventory Costs
Concerned about the amount of money tied up in your spare parts inventory?
Worried that there is no other way to manage this inventory type?
Failure to understand the ‘rules’ around spare parts inventory leads to waste in spare parts inventory costs that are avoidable. If you know how.
This video explains the key ways that money is wasted in managing spare parts inventory.
And it is not just in the unnecessary procurement of items but also the wasted costs in the management of the inventory.
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 the wasted costs of spare parts inventory are avoidable.
Run time: 2 minutes 38 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