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Once operations and maintenance have agreed on the appropriate maximum quantity for a stock item, what to do with any surplus is primarily a financial decision. Essentially, the question is: “Would you rather keep a part on the shelf for many years before it may be needed or would you rather have some additional money in the bank now and assume the risk of having to buy a replacement later at a higher price?”
IRIX (Investment Recovery Matrix) from Inventory Solutions Inc. identifies rarely used inventory items that should be disposed of using our state-of-the-art analytical tool. Quantify how much savings you can generate from our service. Contact us for a no cost, no obligation inventory review.
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