Stocking strategy for service parts - a case study

Service part inventories cannot be managed by standard inventory control methods, as conditions for applying the underlying models are not satisfied Nevertheless, the basic questions of inventory control trace to be answered: Which parts should be stocked? Where should they be stocked? How many of them should be stocked? Presents a case study in which a pragmatic but structured approach is followed - a framework is developed and built into a spreadsheet. The resulting fool has been tested in a real-life situation, indicating that considerable amounts of money can be saved.