What practice helps in reducing replacement and disposal costs of shelf-life items?

Inspecting, testing, or restoring assets plays a crucial role in reducing replacement and disposal costs of shelf-life items. This practice ensures that items are evaluated for their condition and usability before being discarded. By conducting regular inspections and tests, organizations can determine which items are still viable or can be restored to a usable state. This not only prolongs the life of the inventory but also minimizes the need to replace items that may still be effective or can be repaired. As a result, the overall costs associated with purchasing new items or disposing of expired goods are significantly reduced.

Regular training, while important for maintaining operational effectiveness, does not directly impact the reduction of costs associated with shelf-life items. Increasing inventory could lead to more expired products that need to be managed, which could actually increase costs rather than reduce them. Buying in bulk can sometimes provide savings on procurement, but it does not inherently address the management of shelf-life items or their disposal, which are critical in controlling associated costs.