The world seems to get more and more digital by the day. However, in the spare part market it seems like nothing has changed in the last decades. Managing suppliers, huge inventories, part availabilities and demand variations makes spare part management very cost inefficient. Let’s have a deeper look at…

Manufacturing processes are drastically changing since the 18th century, starting with the first and the second industrial revolution, that enabled mass production using water or steam power and lastly electricity. The third revolution enabled automated processes and led to big changes in our everyday life, using new information technologies like the computer. …