Risk Based Assessment of Spare Parts

Kimberly Vaughn, Material Engineer from Management Resources Group Inc. discusses the importance of a risk based assessment and the total cost of a company’s stocking decisions.  You will learn and understand the risks inherent in every stocking decision and how not all inventory should be treated in the same manner.

1) How to balance your inventory and set optimum stock levels

2) The classification and characteristics of MRO inventory

3) Why risk based assessments are important