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Hidden Costs of Supplier Delays: Why Lead Time Matters
Introduction
You’ve secured the best price for a spare part — but if it arrives late, the hidden costs can quickly outweigh the savings. Supplier lead time is often overlooked, yet it’s a key driver of downtime, emergency orders, and inflated costs.
In this post, we unpack the hidden financial impact of supplier...
How HUB’s Analytics Help You Set and Stick to Your Spare Parts Budget
Introduction
Setting a spare parts budget is easy. Sticking to it? That’s the real challenge. Unexpected failures, emergency orders, and inaccurate forecasts can derail even the best-laid plans. Without real-time visibility and control, budgets are just numbers on paper.
In this post, we explore how HUB’s analytics tools help you set realistic budgets and...
How Poor Procurement Practices Drain Your Maintenance Budget
Introduction
Your maintenance team might be running like clockwork, but if your procurement process is flawed, you’ll still feel the pain — in the form of unexpected costs, inefficiencies, and budget overruns. Poor procurement practices quietly erode your maintenance budget, often without you realizing.
In this post, we highlight the top financial leaks i...