Companies spend money (working capital) on spare parts inventory that they don’t actually need.
They end up holding them for a long time before deciding to remove those parts and incur the cost of the obsolescence.
Perhaps a better idea would be to not buy those parts in the first place.
In this short video Phillip Slater explains.
Working Capital Isn’t Free
The transcript of this video is available to members and subscribers only.
For complimentary access to this transcript, and our entire blog archive, register using the button below.
We will also keep you up-to-date on new content and courses.