Global Spare Parts Logistics Market Grow at a CAGR Above 5% During Forecast 2016-2020
Logistics and supply chains for spare parts are different from those of finished products because the market for them is unstable. Many manufacturing companies are facing hindrances because of an increase in operational costs and a decline in demand from consumers. Vendors of logistics services should be efficient at services such as IT, data management, and supply chain management. Accurate forecasting of demand takes systematic and proper planning, purchasing, and ordering of logistics operations
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