Subject Area: Business and Spare Parts Management Strategy
Concerned about the amount of money tied up in your spare parts inventory?
Unsure about how your spare parts management fits into achieving your business strategy?
The reality is that spare parts management is fundamental to achieving your business strategy.
This is an important lesson that every senior manager and CFO must know about spare parts inventory.
While your business and spare parts management strategy 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.
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: 2 minutes 11 seconds
Posted by: Phillip Slater