Internal spare parts management in company Dissertation Example For Download

Category: Accounting
Subcategory: Business
Level: College
Pages: 11
Words: 3025
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Internal Spare Part Management in Company Name: Institutional Affiliation Abstract Inconsistency in the spare part department is creating financial losses in the business. Flaws in the production processes can cause massive revenue losses, and that is prevented by having an inventory management system. Having a maintenance and inventory unit is important in spare part management and repair of any breakdowns. The inter-link between supply chain and inventory system is established. The relation between the two is important for a business operation to run smoothly, and in helping decrease the cost incurred in maintenance. This paper describes various shortcomings in the current management style of the company. Nowadays with new technology, companies can find better methods of managing their inventory. Available are recommendations and explanation about better techniques a company can use in spare part management to avoid any shortage or excess supply that can result in unnecess...

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