Master Spare Parts Inventory Management

Subject Area: Advanced Spare Parts Management Course
 

 
Why Choose This Course?
If your goal is to modernize and optimize how your company manages spare parts inventory, this course is for you.

By successfully completing it, you’ll not only gain deep expertise but also earn a certificate recognizing your advanced knowledge and skills.
 

What You’ll Learn:

The course dives into practical strategies designed for real-world challenges, including:

• Determining the right inventory levels with an easy-to-follow process.
• Defining and identifying critical spares with a proven, specific method.
• Developing policies that people actually follow, improving consistency and results.
• Implementing best practices that drive tangible improvements.
• Maximizing inventory investment by analyzing a small fraction of stock.
• Enhancing storeroom management to achieve high accuracy without relying on endless stock takes.

…and much more!

 
Managing spare parts for maintenance and operations isn’t like managing other types of inventory.

MRO inventory demands a unique perspective and methodology.
Without this understanding, companies often face:

• Overstocking that ties up valuable resources.
• Excessive obsolete inventory that wastes money and space.
• Poor parts availability, disrupting operations.
• Increased equipment downtime, leading to lost productivity.

How This Course Helps You Succeed
Our Advanced Spare Parts Management Course teaches you simple, effective, and actionable strategies to overcome these challenges.

You’ll gain step-by-step tools to make better decisions and achieve real, measurable improvements.

Our Approach:

• Real-world solutions, not empty theories or unnecessary statistical analysis.
• Tailored specifically for MRO and spare parts inventory, not generic supply chain advice.
• Immediate impact with clear, practical, and usable content.

What You’ll Achieve:

• Reduce initial spare parts costs by learning what to stock and what to avoid.
• Minimize lifecycle costs with an easy-to-implement method for determining the right Re-Order Point (ROP) and Re-Order Quantity (ROQ).
• Boost management efficiency by adopting proven best practices.
• Avoid excess and obsolete inventory using our innovative ‘end-of-life’ management technique.

Take Control of Your Spare Parts Inventory Today!
With this advanced training, you’ll transform your company’s approach to spare parts management, saving money, improving efficiency, and ensuring operational

 
SparePartsKnowHow.com is an approved training partner
with the Reliability and Maintainability Center at the University of Tennessee, Knoxville.
 
 
 

This course formed the basis of the Spare Parts Inventory Management Certificate program at the University of Kansas.

 
The Advanced Spare Parts Management Course is focused on MRO and spare parts inventory – unlike most inventory management courses. Once you understand why this matters you are halfway to solving your problems.

The course is self-paced, 100% online and available on-demand 24/7.

• This means that you can study at a time and place that suits you.
• At SparePartsKnowHow we have had learners’ study during their daily commute on the train.
• Some get the luxury of studying during work hours.
• Some do it when the kids have gone to bed, and the house is quiet.
• The options are as flexible as they are varied.
• Because our online training has no fixed time or place, you don’t need to wait until an event starts, or take the risk that you can’t attend at that time.
• You just get started. It is as simple as that.

There are 8 learning modules, meaning that the Advanced Spare Parts Management Course covers all the issues faced during the spare parts inventory management lifecycle.

• Each module consists of a combination of reading and online video.
• The course structure enables you to work through the content in ‘bite-sized’ chunks.
• The course is delivered via the Spare Parts Training Academy using a state of the art Learning Management System that enables students to easily track their progress through the course.

The modules are:

1. Introduction to Spare Parts Inventory Management
2. Critical Parts and Stock Level Decision Making
3. Inventory Optimization
4. Best Practices
5. Metrics, Reporting and Policies
6. The Storeroom: Physical Management
7. The Storeroom: Procedural Management
8. Program Implementation

Add to your qualifications with the Advanced Spare Parts Management certificate.

• Each module includes a multi-choice online quiz to test the students’ know-how and learning.
• The pass mark of each quiz is set at 80% correct – you need to earn this qualification!

Each student has 6 months to complete the training.

• We recognize that learning is not a linear process. Once something is understood at one level the learner may then go on to gain a deeper understanding.
• We estimate that the course requires 32 hours of study and some people have completed the course in two weeks.
• However, the average completion time is 4 months.
• By providing extended access, people can study at a pace that suits their life and revisit the content as they implement changes.

A key feature of SparePartsKnowHow is our Online Training Support.

• This is clearly different to most training where time limitations mean you have little access to the trainer and their support.
• Everyone who joins SparePartsKnowHow.com gets access to ask any questions they have relating to our content and the application of that content.
• Tell us what problem you are trying to solve, and we will direct you to the right content.

Our Training is Budget Friendly

• Live, in-person training events are by far the most expensive way to learn. A short course or a conference can easily cost US$3,000 per person and you only get a day or two of access.
• Using that as a measure it is easy to see that 6 months access to our Advanced Spare Parts Management course might just be the best value training today!

 

 
 
Please note: If you are registered at the Pro Level, this course is already included in your membership. Use this link to return to the Pro Level welcome page.
 
 

The following video explains how it works.

Take a moment to consider where you will be in 12 months if you join us today – and where you will be if you don’t. Which option delivers the progress you want?”

For those who are unsure whether to join the Advanced Course or the Pro Membership we offer our ‘peace of mind’ option.

If, after joining the Advanced Course, you decide to upgrade to the Pro level, you can do that at any time during your Advanced Course access.

When upgrading you then get a 6 months of Pro Level access from the date of the upgrade.

This means that if you decide to upgrade after, say 5 months, you then get another full 6 months of Pro access.

The upgrade investment is a flat rate equal to the difference between the Advanced and Pro Level investments.

To upgrade, use the link on the Orientation page after you join the Advanced Course.

Course content is unlocked and available immediately.
 
 
 

You can ‘binge’ the content all at once or spread it out – it is completely up to you how to pace your training.
 
 

You get access for 6 months – allowing you to reinforce or refresh your knowledge when you need to.