No matter where you fit into the fluid power supply chain, keeping close tabs on inventory is essential for efficient operations. Many original equipment manufacturers (OEMs) struggle to effectively manage their purchased inventory. The challenges are numerous: tracking physical on-hand values, maintaining an organized and space-efficient stock, keeping inventory fresh and lean, all while not running out of parts. Running out of stock of any part can hold up a multimillion-dollar project, but it seems even more painful when the missing part costs only a few cents...
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