Which parts to hold on site and how many of them can often be the $20 million dollar question.
It is not a simple undertaking to calculate these figures. An understanding of unit cost, frequency of requirement, impact of delay, and logistic delays at each storage stage must all be considered.
This webinar will walk you through best strategies to:
- Accurately predict holding levels for each storage location
- Define operating, capital, critical, and insurance spares
- Integrate and catalog spares and BOMs into your CMMS
- Build budget reports to forecast cost of spare parts
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