Subject: Deciding What to Stock in Inventory

Why Deciding Whether or Not to Stock a Spare Part
is Not Trivial
Hi Friend,
 
How do you decide whether or not to stock a spare part?

Is the time and effort spent on this decision not only unnecessary but perhaps actually wasted?
 
One of the most important, perhaps even THE most important, decision that will be made regarding any individual spare part is whether or not to stock that part. 

That is, should you hold that spare part as an item in your inventory or not?

This month's article addresses this issue and discusses:
  • The list of actions that stem from this one decision
  • How companies put too little effort into this decision
  • Why this may be the most important decision you make
You can read the full article HERE
Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow
Must Know Training Course 

Looking to quickly build your expertise in spare parts management? 
Our ‘Must Know’ Training Course is designed to teach you the essential knowledge, tools, and techniques for effective spare parts inventory management — all in one concise, powerful short course.

Read about the 'Must Know' course HERE.
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
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