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As a purchasing director, how do you balance maintaining critical spare parts inventory against the risk of obsolescence when automation technology evolves every 18 months?

answer

This is such a challenging dilemma we face in procurement! On one hand, we absolutely need to maintain critical spare parts to keep our automated production lines running smoothly - any downtime can cost us thousands per hour. But on the other hand, automation technology seems to be evolving at lightning speed, with new systems and components coming out every 18 months or so. How do we avoid getting stuck with expensive, obsolete inventory that's just taking up space and tying up capital?

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