Learning Point Takeaways:
1) Optimizing stock levels allow for reduced risk of production down time, greater cash on hand and shorter mean time to repair (MTTR), among others.
2) Operational readiness on new assets aligns asset operational framework to business needs and mitigates operational risks through a comprehensive approach to address all operational functions.
3) Inaccurate reorder levels result in both overstocks and emergency expedites that perpetuate until corrected.