Subject Area: Spare Parts Inventory Management and Optimization
How do you establish an approach to spare parts inventory management that will give you the best chance of having the parts you need, when you need them, while simultaneously making sure that you don’t overstock?
The answer is Sparesology®.
This management guide explains the concept of Sparesology® and identifies 40 key lessons for spare parts inventory management and optimization. These lessons support the execution of Sparesology®.
The lessons are presented in a logical way that follows the life cycle of spare parts management.
This starts with establishing the elements of a system for managing your inventory.
Then moves through identifying critical items and deciding how many to stock.
Then through the operational life.
And finally to obsolescence and disposal.
Albert Einstein is reported to have said, ‘You can’t solve today’s problems with the same thinking that created them‘.
This idea goes to the heart of improving spare parts management and optimization.
To change the results achieved we need to think differently.
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This guide was created by Phillip Slater
You might also be interested in reviewing all of our complimentary spare parts management guides.