As someone who has worked from home for a long time, “social distancing” has pretty much been my regular way of life for years. But for many others, this new lifestyle has required major adaptations, made in the name of safety.
Usually when people (myself included) raise the topic of the cost of inventory, we talk about the financing and management costs of holding inventory. However, with spare parts, many people consider these costs to be either conceptual or "sunk" (that is, a cost that cannot be recovered). It is this view of spare-parts inventory costs that prevents many companies from taking action to review their inventory and particularly review their spare-parts inventory-management processes.