Companies may run into challenges when trying to optimize their inventory management. What are some of the best ways to improve inventory management in the manufacturing industry? In a recent chat for USA Manufacturing Hour on Twitter, Host Pavel Stepanov from VirtuDesk in Washington, led a discussion about optimizing inventory management.
Read MoreWhen is surplus the right choice for manufacturers?
Answering this question begins by looking at the current state of the global supply chain and how it has changed since the COVID-19 pandemic. Current times have been a constant challenge to the supply chain. Before the COVID-19 pandemic, things worked very differently from the state of today’s supply chain. There are product restrictions, material shortages, and obsolescence for aging equipment that require servicing and maintenance. As a result, doing business as a manufacturer can be a challenge for even the most agile of operations. How can these challenges be overcome to keep a manufacturing operation running smoothly and efficiently? The answer is often surplus equipment and parts.
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