Subject: Deciding Whether or Not to Stock a Spare Part

Deciding 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, decisions 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 decision, which occurs at the very beginning of the spare parts inventory management life cycle, sets in motion a whole range of activities relating to that specific spare part.

This article explores the issue of deciding what to stock in your inventory and covers the extensive list of actions that stem from this one decision, explaining why this is not trivial.

You can read the full article HERE.
Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow
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