In most industries, less than 20 percent of companies can answer “yes” to more than two of these

Do you have an updated complete bill of materials for your critical assets?​

Do you know which parts are still being manufactured?​

Do you have an accurate plant model that identifies all physical assets in your plants?​

Do you know which parts have been announced for discontinuation or are already discontinued?​

Do you have the right spare parts if a critical machine goes down?​

Do you have an efficient and accurate process for maintaining storeroom inventory?​