Overview: The cost of holding spare parts is often higher than organizations expect, because of lost interest, obsolescence, insurance cost, storage .. Read more space, warehouse management systems, and personnel. COVID-19 has only increased these challenges, as organizations are forced to rethink their spare parts management philosophies to deal with supply chain restrictions and overall unpredictability. In this webinar, we’ll discuss current leading practices for spare parts management and challenges in the energy sector. We’ll also explain what the right balance between reliability and logistics look like for effective spare parts management and optimization.
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