Subject Area: Spare Parts Inventory Prevention
Spare parts inventory optimization takes up a lot of time and energy at many companies. But the problem with spare parts inventory optimization is that it happens after you have spent the money!
Rather than work on spare parts inventory optimization perhaps a better way is to work on spare parts inventory prevention. That is, don’t buy the inventory that you don’t need in the first place!
In this Two Minute Tutorial Phillip Slater explains the number 1 action that you need to take in order to move from spare parts inventory optimization to spare parts inventory prevention.
Phillip Slater is a Spare Parts Management Specialist with more than 35 years experience and the founder of the online platform, SparePartsKnowHow.com.
You may also be interested in this article 8 Ways That Spare Parts Inventory Management is Different.