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How IoT Sensors Are Changing Spare Parts Inventory Management
Introduction
Inventory management is undergoing a transformation, thanks to the rise of IoT (Internet of Things) sensors. From tracking stock levels in real time to predicting when spare parts will fail, connected devices are bringing unprecedented visibility and control to spare parts management.
In this post, we’ll explore how IoT sensors are reshaping...
Min-Max Inventory Control: Still Relevant or Outdated?
Introduction
For decades, min-max inventory control has been a standard method for managing stock: set a minimum level to trigger reordering and a maximum level to cap inventory. But in today’s data-driven world, many ask: Is min-max still effective, or is it outdated?
In this post, we’ll break down the pros and cons of min-max strategies and show how HUB...
5 Common Spare Parts Inventory Mistakes and How to Fix Them
Introduction
Managing spare parts inventory might seem simple — until small mistakes snowball into downtime, wasted money, and frustrated teams. Many factories fall into the same traps, but the good news is they’re avoidable.
In this post, we highlight 5 of the most common spare parts inventory mistakes and explain how HUB’s smart tools help you avoid the...