Taming the Long Tail of Inventory
Globally, $1.5 trillion is spent each year on aftermarket and spare parts for previously purchased assets, such as automobiles, aircraft and industrial machinery. Planning and managing service parts inventory is challenging because it requires keeping a small quantity of a large number of unique items at any given time. Overstocked items can lead to obsolescence and under stocked items lead to stock outs, spot buys and expediting charges. This white paper explores ways to tame this “long tail of inventory” by using demand planning, inventory planning and optimization, collaborative supply planning and other techniques to increase customer satisfaction and generate repurchase opportunities.
Already registered? Use the form to log-in.