Subject Area: Transforming Spare Parts Operations Concerned about the amount of money tied up in your spare parts inventory? Worried that your current approach to transforming spare parts operations doesn’t generate the results you want? Failure to understand the ‘rules’ around spare parts inventory leads to waste in spare parts
37% of Money Spent on Spare Parts Is Wasted
Subject Area: Money Spent on Spare Parts Are you concerned about the amount of money tied up in your spare parts inventory? Would you be surprised to learn that 37% of the money spent on spare parts is wasted? This is true. How do we know this? Years of experience
Spare Parts Management Decisions: Your Business Profit Relies on Them
Subject Area: Spare Parts Management Decisions Do 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
7 Methods of Asset Recovery Infographic
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
Excess Spare Parts Inventories: a Symptom or the Problem?
Subject Area: Excess Spare Parts Inventories Concerned about the excess spare parts inventories that your company has? Do you think that this is the problem that needs to be solved? The reality is that excess inventory is a symptom, not the problem. The ‘problem’ is something else in your spare
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