For many industrial OEMs, spare parts sales significantly contribute to their service revenue. Running a spare parts business within a manufacturing company has a few unique challenges and a few things that should be looked at only once because spare part inventory is a company asset.
This article first appeared on Thomas Insights on February 10, 2021. Click here to read the article.
Click here to read more about the importance of a field service spare parts strategy.
About Middlesex Consulting
Middlesex Consulting is an experienced team of professionals with the primary goal of helping capital equipment companies create more value for their clients and stakeholders. Middlesex Consulting continues to provide superior solutions to meet the needs of its clients by focusing on our strengths in Services, Manufacturing, Customer Experience, and Engineering. If you want to learn more about how we can help your organization create or update your spare parts strategy, please get in touch with us or check out some of our free articles and white papers here.
Image credit: Image by MustangJoe from Pixabay