Monthly Archives: August 2012

Strategic inventory The Just In Time principle is fine when it is appropriate to the specific requirements of the buying organisation. Who determines the strategic inventory strategy? Brian Farrington Limited has worked with an international manufacturing company who decided that the suppliers would carry the burden of strategic inventory. Our client insisted that the suppliers […]

Beware the one-time purchase of equipment spares Imagine that one year ago, your organisation purchased a major piece of capital equipment with a predicted life of seven years, assuming a 14 hour working day, six days a week, for 48 weeks of the year. The supplier, a Japanese company offered you ‘essential spares’, which were […]