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Why you should modernize your spare parts planning

ToolsGroup

Aftermarket parts is a big net margin producer for many manufacturers, and yet service levels and inventory in these operations are often woefully sub-optimized (See CapGemini statics above). Million cash to the company’s bottom line, solely from inventory savings. There’s untapped cash and profits in your spare parts business.

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This Week in Logistics News (February 19 – 25)

Logistics Viewpoints

After months of troop buildups, attempted blackmail by Russian President Vladimir Putin to get policy concessions, failed diplomacy, and Russian lies about their peaceful intentions, Russia’s invasion of Ukraine began early Thursday morning. In terms of trade, these are not critical, single-sourced Tier 1 inputs needed in manufacturing.

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24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Do they have a Corporate Social Responsibility and Modern Slavery policy, and do they stick to this?

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This Week in Logistics News (November 11 – 17)

Logistics Viewpoints

LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. The “Buy American” campaign, fueled by the promise of a domestic manufacturing boom and well-paying jobs right here at home, is gaining steam in Congress. retailers for Reuters.