Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

For most industrial original equipment manufacturers, spare parts sales are the most significant contributor to their service revenue. Spare parts are an essential driver of revenues for companies like that because they're typically used every day and therefore directly impact how many products a business can sell. Therefore, this blog will get into details about managing a spare parts business for an industrial OEM. So let's get right into it!

Take advantage of inventory planning

Spare parts planning is quite different from product planning. In spare parts planning, demand is incalculable. Lead time is zero in spare parts planning. Orders are likely to be shipped within hours of placing your order. Customers and agents repeatedly realize that they possess excess stock and want to return it to the original equipment manufacturers. The question of how much restocking fee is to be collected also arises. 

Click to Read More:  https://www.growmax.io/blog/managing-spare-parts-business-for-an-industrial-oem

0

Login

Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe