Lean Planning in a Service Spares Environment

Lean planning is the philosophy of eliminating nonessential tasks from a process and focusing on just the operations that create value for the end customer, resulting in a lean supply chain and a more efficient organization. Successfully implemented and used in a number of key industry segments, lean planning methodology also applies to streamlining the management of inventory in the service spares environment. Converge’s reverse supply chain professionals are trained in lean planning principles to help organizations dramatically slash costs and waste while driving overall efficiencies by minimizing inventory risks through the dynamic sizing of service spares inventory.

Unlike a conventional planning system, lean planning introduces the concept of dynamic sizing of service spares inventory in relation to real-time demand characteristics. Instead of a traditional planning system that takes long-term inventory positions, lean planning can dramatically reduce the pressures to carry extensive inventory, thus eliminating the risks of inventory obsolescence or last-time purchasing requirements.

Lean planning systems from Converge can bring to the service spares environment:

• Just-in-time delivery practices
• New buy and loss avoidance metrics
• The integration of operational and fiscal metrics
• Market intelligence
• Dynamic procurement and liquidation networks
• Intelligent reintroduction techniques

To learn more about lean planning in service spares management and how Converge’s reverse supply chain solutions can help manage and reduce inventory sizing concerns, resulting in a lean supply chain, contact us.