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Business and Spare Parts Management Strategy

January 11 Phillip Slater

Subject Area: Business and Spare Parts Management Strategy

Spare Parts Management StrategyConcerned 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


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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: inventory optimization, mro, spare parts inventory, spare parts management strategy

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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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