Executive Summary

Summary

If you are able to get the parts you need, at the lowest possible price, then the need to maintain the inventory is not much. But, the reality is that the fastest source is normally the most expensive. Despite having a completely equipped stock room, equipment has downtime because of unavailability of parts. The goal of maintenance inventory is to support the performance of the maintenance function, which will reduce the overall cost of providing maintenance and in some cases radically reduce downtime. Symptoms of Inadequate inventory control are as follows: Inventory for units no longer in service, No established min/max, reorder points, E.O.Q\'s, little knowledge of location, inventory level, turnover, etc. These symptoms indicate holes or voids in your organization\'s control of inventory.


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