- Published: Monday, 07 December 2015 15:34
- Written by E&MJ News
Efficient parts inventory management plays a key role in reducing operating costs per ton and maximizing plant uptime. Improving inventory control begins by determining wear-life trends—and truly understanding the costs of downtime due to component or system failure. While it’s nearly impossible to stock spare parts for any potential contingency, it’s obviously wise to stock critical wear parts, while pinpointing the best source for expedited parts delivery. Certainly it’s very important to leverage relationships with the right parts suppliers to allow a reduction in overall inventory dollars and to ensure smart in-stock situations.