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Showing posts from September, 2018

Ways to Clear your MRO Inventory

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MRO products, needs so many spares to be kept at warehouse for reducing the production time. Holding idle and excess MRO spares in your inventory may lead to high storage cost, no space for new spares, delayed production, delayed procurement etc.  Let discuss here on top 4 ways to clear your industrial spares Reaching third party people  Maximizing stock order purchases Setting up a percentage Purchase discounts  Reaching Third Party People  Well incase of emergency, also to reduce the effort being spent on such obsolete spares, you can reach out to an eCommerce place for industrial products, where they help in liquidating your idle spares online. Purchase Discounts   Always a very unpopular suggestion but one that should make a lot of sense . Purchase Discounts are an automatic injection to the gross profit and net profit of the your Spare Parts department. But, with obsolescence in your inventory, you are mere...