What challenges are industrial traders facing? Companies from a diverse range of industries rely on not just the experience but the expertise of their skilled resources to provide quality automation products. Consistent quality and better performance of the products are required to meet existing and emerging challenges in order to achieve industry’s automation goals. … Continue reading What challenges are industrial traders facing?
Product Demand Forecasting Why demand forecasting? Let’s say you are manufacturer of industrial spares, then forecasting the raw materials for production is very important. Technology obsolescence is happening everywhere, so you need to produce spares where they can fit into any industry,.. Failing to do so will lead to excess inventory which is one of … Continue reading What Manufacturing Units Must know?
The challenge in selling MRO spare parts is that it is difficult to find a buyer willing to pay a fair value for the list of numerous spare parts that you hold in your inventory. The key to recovering the maximum value is to break the list down into manageable categories and attempt to find … Continue reading How to sell surplus industrial MRO Spares
Naleem Bukari, Founder and CEO of CODA TECHNOLOGY SOLUTION, quotes that so much changes have happened in the past 10 years, especially after evolution of Digitalization across varied sections of life! From Vintage phones to Smart phones From Barter System to Digital Economy From Traditional Book Keeping to ERP Management Industrial challenges and how we … Continue reading Digital Inventory Revolution in Cement Industry
Excess inventory does not only harm your company’s profits but impacts the overall economy too, as those resources can be put for better use. More you hold on to the idle industrial products, the more you lose (finally disposing as scrap or even pay to flush out scrap). There are so many reasons for overstock … Continue reading Excess Industry – How to Identify, Measure and Manage?
Excess inventories are always a migraine as it not just occupies precious space but leads additional costs in buying those excess spares and spending on scrapping too; but then, surplus stocks can hold some value where one can even make some revenue out of these excess commodities. • Low Price Buyers are on the lookout … Continue reading Benefits in Buying & Selling Excess MRO inventory
Traditionally industrial spare parts have been sourced, procured through offline mode. But with the dynamics of the industry changing rapidly, this process is set to be taken over by storm. Yes, the next big wave is coming! There are a number of benefits coming through online, and that the user behaviours undergoing major transformation. • … Continue reading Industrial Spare Parts Online – The Next Big Wave
More and more industrial spares products are being sold every other day, which usually comes with risk in any industrial procurement. This article will explain the risks faced by procurement professionals and how to handle those better when buying Industrial / MRO Spares. Difficulties in purchasing Industrial Spare Parts Procurement professionals in spare parts industries … Continue reading Best ways to buy Industrial Spare Parts