How to Optimize Your Maintenance Spare Parts Inventory | Business Performance Improvement

[@markadams7597]

This is a great vid. Ty. I appreciate the advice.

[@StrategyDriven]

Hi Mark, Thank you for the feedback. You can receive some additional insights on common barriers to spare parts inventory optimization in our FREE whitepaper: Maintenance Inventory Optimization: Work Management - Supply Chain Interface Barriers. Download it at: www.strategydriven.com/portfolio-item/maintenance-inventory-optimization-work-management-supply-chain-interface-barriers/

[@tronghieuknk]

Great video, thanks so much

[@StrategyDriven]

Thank you for the feedback! We're thrilled that you enjoyed the video. I hope you'll download the accompanying white paper linked in the description above for more value on this topic. If there are any questions my team and I can be of help with, please let us know. Have a great day!

[@tronghieuknk]

I am working to reduce spare part in refinery plant. If possible, please share your experience on that.

[@StrategyDriven]

@@tronghieuknk The StrategyDriven Team has extensive experience helping plants reduce their spare parts inventory; collectively identifying over $200 million in inventory reduction opportunities. We highlight this experience and our methods at: www.strategydriven.com/online-and-outage-work-management-optimization-2/ and in a case study at: www.strategydriven.com/utility-work-management-program-optimization/. As the video shares, optimizing a spare parts inventory requires performance improvements within both the work management and supply chain functions. This is why both are highlighted within our methods and case study. Please let me know if I can be of any additional help or provide you with additional information. Enjoy!