In almost every endeavour it is difficult to determine what constitutes the ”best practice,” but this is particularly true in specialist areas such as spare parts management. Whether your key issue is reducing working capital or ensuring parts availability (or both), if you don’t understand where you stand right now it is impossible to work toward achieving best practice.
For many companies, developing a spare parts management system is bit like starting a journey without knowing where they are or where they are going. All movement looks like progress.