A global OEM has thousands of different inventory items to manage with millions of dollars in spend. If your annual spend on cabling and power cords is in the millions, then delaying ownership of those items until they are consumed can have huge implications.
- Reduced costs due to product obsolescence
- Improve cash-flow with inventory reductions
- Free up space and human resources for more profitable use
- Reduce compliance risks with regulators
- Consolidate supply chain and part numbers