Gearflow sat down with Lake to learn more about their parts inventory management systems. Based on the conversation, here’s a list of eight steps to increase profits and efficiency on part sales ...

In some organizations, the part number is merely some type of a sequential number. However, the preferred method is to make an intelligent numbering system for spare parts. Parts should be identified ...

This means there needs to be a computerized system to keep track of inventory. With the inventory properly tracked, a reliable forecast of demand use for each spare part can easily be obtained. By ...