Risk Management Services in the Service Spares Environment

Risk management in the service spares environment is directly correlated to the management of service part inventory levels. The risk of too little inventory may result in serviceability issues, while the risk of too much inventory can lead to overstock issues, where excess inventory must be liquidated at a steep discount. Both outcomes, equally undesirable, can be avoided through the implementation of risk management services and principles.

Converge’s reverse supply chain experts work with organizations to help them identify and manage their overall inventory risk. Though the implementation of lean planning practices, combined with just-in-time delivery systems, significant opportunities for optimizing service spares inventory levels are identified. Using our daily market intelligence and a global trading network, Converge is instrumental for identifying part-specific demand while establishing inventory relief systems as part of the overall inventory positioning process.

Combined, the Converge risk management process brings the highest level of commodity expertise and market insights to the planning process, helping to drive planning functions and the management of risk for service spares inventory – on an ongoing basis.

To learn more about Converge's supply chain risk management services in the service spares environment, contact us.