Keeping a large inventory of spare parts on hand encroaches on both the budget and physical storage space of your business. What happens if your forklift goes down and you don’t have that critical spare part on hand? Your business suffers unnecessary downtime and you may be forced to pay outrageous freight costs to have the parts shipped to you overnight.
If you are looking to define a critical spare part, ask yourself the following questions:
By being prepared and determining which parts are critical, your business could save money and most importantly, time.