How manufacturers can use advanced service parts management to boost the bottom line.
The global pandemic has thrown a wrench into the works for many manufacturers in 2020, with sales falling below expected goals. As we approach the end of the year, smart OEMs are looking for creative ways to tilt the balance sheet back in their favor.
This white paper outlines four ways manufacturers can make the most of spare parts inventory management to cut costs—making up for lost revenue, and keeping shareholders happy. Highlights include:
- The role (and location) of suppliers
- What to do with inventory that’s gathering dust
- Ways to reduce expedite costs
- The case for better software