You're analyzing historical field service data. How should you prioritize parts restocking?
Field service engineering involves a continuous cycle of maintenance, repair, and operations (MRO). Properly managing inventory is crucial to minimize downtime and ensure efficient service. When it comes to analyzing historical field service data to prioritize parts restocking, you're faced with the challenge of balancing cost with availability. By examining past usage patterns, failure rates, and lead times, you can make informed decisions on which parts to stock more heavily and which can be ordered on an as-needed basis. This not only optimizes your inventory levels but also improves service levels and customer satisfaction.