Spare parts inventory optimization is great. It helps companies identify where they are holding too much spare parts inventory and correct those holdings to reflect their expectation of current needs.
Have you ever wondered why you can’t seem to get your MRO and spare-parts inventory consistently under control while your other inventory types are well-managed?
Let’s say this out loud right at the start — no one actually wants to hold spare-parts inventory. Why would you? Inventory ties up working capital that we could otherwise use for more productive purposes.
