There is one great tension that comes from the different perspectives that people have on spare parts management benefits: people either focus on the potential working capital savings from reducing inventory or they focus on the perceived availability benefits of holding more inventory.
However, by focussing on these important but simplistic spare parts management benefits people often miss other benefits that come from improved spare parts inventory management.
Here are 5, little thought of, ways that improved spare parts management benefits maintenance and operations in asset-intensive companies:
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Author: Phillip Slater