Cost reduction is becoming common initiative for many industries.

Spares inventory constitutes a major controllable cost for asset-intensive enterprises. In this webinar we will explore “key basic elements” of the Spares Inventory Management and Optimization (SIMO) process, which can be considered as a “Quick Win” in order to minimize stock-outs, reduce inventory costs and maintain production availability

SKF has been a leading global technology provider since 1907, and our mission is to be the undisputed leader in the bearing business. We offer solutions around the rotating shaft, including bearings, seals, lubrication, condition monitoring and maintenance services. Today we are around 44,000 professionals working in 40 different industry segments in 130 countries. For more than 100 years we have helped shape the modern world as we know it today. We were there for the first moon landing, in the cameras used to take pictures from the surface. The bells in St Peter’s Square also ring because of us. Today, we are working closely with leading innovators. Wherever the world moves – in factories, on the road or towards the future – you will find us there. Read more on [ Ссылка ]

Key Takeaways:
• Understand recent global data related to inappropriate management of spare parts
• Learn how to apply the "key basic" SIMO process to achieve benefits that will be realized by many different departments/functions.

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