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Spare Parts Management Decisions: Your Business Profit Relies on Them

January 18 Phillip Slater

Subject Area: Spare Parts Management Decisions

Spare Parts Management DecisionsDo you fully understand the connection between your business’ profit and your spare parts management decisions?

How does a decision on spare parts holdings and management flow through to your corporate profit?

The reality is that your business profit relies on the day-to-day spare parts management decisions made by your team.

This is an important lesson that every senior manager and CFO must know about spare parts inventory.

While your profit and spare parts management decisions may seem to be quite disconnected, the reality is that the decisions made around your spare parts inventory will have a direct flow on to the company’s ability to implement the promise of its business strategy. And from that the profit that is generated.

Failure to understand these types of ‘rules’ around spare parts inventory leads to both increased risk and increased expenditure on spare parts inventory. Risk and costs that are avoidable. If you know how.

 
This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must Know About Spare Parts Inventory

Run time: 1 minute 37 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
 

Filed Under: Video Tagged With: excess inventory, mro, spare parts inventory, spare parts management decisions

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Alliance Members

Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. Read more... NRI Industrial specializes in the management, marketing and sales of surplus industrial assets. They provide solutions to recover value from overstock, surplus and obsolete inventory. Read more... NRI Industrial The Reliability & Maintenance Center at the University of Tennessee, Knoxville, provides comprehensive programs of education in reliability and maintenance practice. Read more... RMC Phillip Slater, Founder of SparePartsKnowHow.com, spare parts inventory management specialist, consultant, guide, and mentor. Read more... Phillip Slater SparePartsKnowHow.com: The most comprehensive online resource dedicated to spare parts inventory management. Visit the  Welcome page to read more >>> spare parts alliance

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  • Spare Parts Management Decisions: Your Business Profit Relies on Them

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