Wednesday, 7 May 2014

How to Develop an Effective Spare Parts Logistics Strategy

The spare parts logistic strategies are used to make and determine the long term decisions. They are essential and there are three parts that are used to create a spare parts logistics strategy.

Part One – Identifying the Conditions
The spare parts market is highly competitive so it’s important to examine the spare parts market. The entry barriers are high and measuring the competition in these markets will help you to go on and build your spare parts logistics strategy.

Part Two – Anticipating Future Developments
The next step involves looking at the primary product life cycle. Spare parts are sold in three product life cycle phases which are research and design, production and utilisation. By examining and evaluating the life cycle perspective you can go on to create the base of the planning and alignment of the spare parts logistics strategy.

Part three – Aligning the Key Components
When you align the key components of the business spare parts logistics strategy you can identify the conditions and the anticipated future developments. By using spare parts logistics you can take the lead and benefit from the advantages it offers to manufacturers. The benefits include high customer loyalty, meeting the legal obligations, to peruse profit goals and revenue ad to differentiate the company from the competition.

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