Executive Briefings

Without Right Business Software, It's Difficult to Have the Right Part at the Right Time

Why does it seem to be so hard to have the right part when you need it? First of all, it usually doesn't make sense to store parts in your inventory because of the investment required. As a general rule, companies will not have spare parts in their inventory for low- or medium-importance assets.

The second reason could be that your suppliers are not reliable enough to deliver on time. Another important reason would be that you did not plan your maintenance (and subsequent repairs) well.

The worst case scenario is when you have the part but you cannot find it, either because you have several warehouses or several inventory management systems that do not communicate with each other.

Planning is key-inventory planning, maintenance planning, demand planning for parts, etc.  Only business software conceived for this need will efficiently help you.

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Why does it seem to be so hard to have the right part when you need it? First of all, it usually doesn't make sense to store parts in your inventory because of the investment required. As a general rule, companies will not have spare parts in their inventory for low- or medium-importance assets.

The second reason could be that your suppliers are not reliable enough to deliver on time. Another important reason would be that you did not plan your maintenance (and subsequent repairs) well.

The worst case scenario is when you have the part but you cannot find it, either because you have several warehouses or several inventory management systems that do not communicate with each other.

Planning is key-inventory planning, maintenance planning, demand planning for parts, etc.  Only business software conceived for this need will efficiently help you.

Read Full Article