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The ROI of Predictive Spare Parts Planning: Is It Worth It?
Introduction
Predictive planning sounds great in theory: forecast failures, prepare early, and avoid downtime. But does it actually deliver real financial returns? The short answer: Yes — when done right.
In this post, we explore the ROI (Return on Investment) of predictive spare parts planning and explain how HUB’s smart tools help you capture measurable...
Reducing Procurement Costs: 7 Quick Wins for Spare Parts Buyers
Introduction
Spare parts procurement can quietly drain your budget if not carefully managed. While strategic overhauls are great, sometimes you need quick, actionable wins that make an immediate impact.
In this post, we share 7 proven strategies to reduce procurement costs — and explain how HUB’s vendor comparison and bulk deal features make it easy to sa...
How to Calculate the Total Cost of Ownership (TCO) for Spare Parts
Introduction
The price you pay for a spare part is only part of the story. To truly understand its financial impact, you need to calculate the Total Cost of Ownership (TCO) — a figure that includes not just purchase price but also storage, maintenance, obsolescence, and disposal costs.
In this post, we’ll break down how to calculate TCO for spare parts an...