How Much Inventory Should I Stock? – Tip # 43 – Free Sample, Premium Member Area
The typical shop has too little inventory and much of what it does have is incorrect causing significant inefficiency. Waiting for parts, even for a few minutes, is time and money which is never recovered. Let your management system decide what to stock. It does not matter what type of part it is or whether anyone else stocks it or if you only stock one of them. If the part sells every 120 days or less, stock it. If not, return it. Use your management system to reorder weekly or even daily. It’s really that simple.
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