Subject: ICYMI here is this month's new article

Survivorship Bias in Spare Part Inventory Management: A False Sense of Security
Hi Friend,

This month I posted a new article titled: Survivorship Bias in Spare Part Inventory Management: A False Sense of Security

This new article explores the logical error of survivorship bias in the context of spare parts inventory management.

This includes:
  • Understanding Survivorship Bias
  • How Survivorship Bias Distorts Inventory Decisions
  • Real-World Consequences
  • Correcting for Survivorship Bias
ICYMI you can read the full article HERE.

(Or cut and paste this link  https://sparepartsknowhow.com/survivorship-bias/)


Keep on improving!

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