Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
Spare Parts - What are the types of spare parts?
In logistics, spare parts can be broadly classified into two groups, repairables and consumables. Economically, there is a tradeoff between the cost of ordering a replacement part and the cost of repairing a failed part.