Not All Methods of Asset Recovery Are Equal Are you looking to maximize your return from obsolete or surplus assets? Do you know how many different options there are, when and how they should be used? The real problem here is that not all methods are equal. Some require specific
Surplus and Obsolete Inventory | Asset Recovery Tips
Subject Area: Surplus and Obsolete Inventory This is great article from Michele Lester and Steve Stipanovich from NRI Industrial. Recently, NRI Industrial presented an in-depth webinar titled, “How to Recover Value from Surplus and Obsolete Inventory”. In conjunction with that presentation NRI Industrial produced an article covering all the key
Asset Recovery Methods: 7 Different Methods for Surplus Industrial Assets
Subject Area: Asset Recovery Methods Are you looking to remove surplus items from your inventory? Do you understand the asset recovery methods that will deliver you the maximum value for your surplus spare parts? Investment in MRO and spare parts items goes beyond just the purchase price tag. With the
Managing Surplus Industrial Spare Parts | Who Is NRI Industrial?
Subject Area: Surplus Industrial Spare Parts Do you have surplus industrial spare parts? Are you daunted by the task of getting maximum value from removing those parts? Then read on to learn about NRI Industrial. NRI Industrial is an industry leader in corporate asset recovery. Their solutions allow businesses to
Webinar: How to Recover Value From Surplus Obsolete Inventory
Subject Area: Recover Value From Surplus Obsolete Inventory NRI Industrial, a member of our Spare Parts Alliance, recently presented a not-to-be-missed webinar titled: How to Recover Value From Surplus & Obsolete Inventory Here is the summary What is the one thing almost every organization has in common? The answer:
5 Ways To Improve Your Excess and Obsolete Parts Management
Subject Area: Excess and Obsolete Parts Management One thing that almost every organization, regardless of their industry, has in common is the existence of surplus MRO & spare parts. This is also the least addressed aspect of spare parts inventory management. The book Spare Parts Inventory Management describes the problem
A Specific Multi-National Company (MNC) Problem
Most of my career has been spent working with multi-national companies (MNCs). Sometimes these companies have operations in just a couple of countries. Sometimes they have hundreds of locations around the world. One thing they usually have in common is a disjointed approach to spare parts inventory management. They lack
How to Select the Right Vendor for the Services That You Need
Recently I presented a webinar that addressed the pros and cons of outsourcing the procurement of MRO. What we didn’t address was the issue of selecting the right provider. This issue doesn’t just impact procurement outsourcing but ANY provider of services. Here are links to two articles that address how
The Hidden Costs of Used Industrial Equipment
At its core, the process of asset recovery is exactly what sounds like: A viable way for businesses to recover capital from either surplus or unused industrial assets, like spare parts and unused plant and equipment. What is not often fully appreciated is that one of the hidden costs of
Leveraging Consignment Inventory Options
Subject Area: Consignment Inventory Many years ago I developed an approach to inventory optimization that I called The Inventory Cash Release Process (ICR). At the heart of that technique is the 7 Actions for Inventory Reduction. These ‘7 Actions’ were developed by challenging the constraints that are inherent in