U.S. manufacturers face rising costs and inefficiencies in spare parts management, with excessive inventory tying up capital while critical components remain unavailable.

Russia was able to purchase more than 22,000 CNC machines, components and consumables worth US$18.2 billion during 2023 and the first seven months of 2024. Source: a study by the NGO Economic Security ...

PARADIP: Police seized a large quantity of China-made duplicate spare parts for JCB machines being sold under the CAT brand name in Paradip on Tuesday. A team comprising personnel from Paradip ...