Chapter 4.2.1. Units of measure and conversion
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52 Certification Study Guide Series: IBM Maximo Asset Management V7.1 4.1 Inventory module The Inventory module is used to manage spare parts inventory. The business goal is to find a balance of inventory stock, allowing maintenance work to be performed with minimum delays if materials are unavailable, but without keeping unnecessary or seldom used item in stock. In summary, it works to balance two conflicting objectives: Maximizing the availability of items for upcoming work tasks Reducing excess inventory balances and related carrying costs The Inventory module consists of the following applications: Item Master Service Items Tools Stocked Tools Inventory Issues and Transfers Condition Codes ...
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