Learn How to Effectively Manage Spare Parts Inventory

Subject Area: Advanced Spare Parts Management Course

The Advanced Spare Parts Management Course teaches these key skills:

• Setting inventory levels
• Identifying critical spares
• Developing policies
• Identifying and applying best practices
• Optimizing inventory levels
• Achieving high levels of stock accuracy
• Managing the storeroom
• Implementing change

 
Without understanding this and the implications companies continue to experience:

• Overstocking
• Excessive obsolete inventory
• Poor parts availability
• Additional equipment downtime

These issues can be overcome once specific requirements and methodologies are understood.

The Advanced Spare Parts Management Course teaches simple, effective, step-by-step strategies and tools to help you make better decisions and generate improvements in spare parts management.

Our content is:

• ‘Real world’, not theoretical or based on pointless statistical analysis.
• Specifically applicable to MRO and spare parts inventory, not generic supply chain management.
• Immediately usable – simple, clear, and useful.

Why complete the Advanced Spare Parts Management Course?

• Reduce initial spare parts cost by learning how to identify what to stock and what not to stock.
• Minimize life cycle spares costs by using a simple and easily implemented approach to determining the most appropriate Re-Order Point (ROP) and Re-Order Quantity (ROQ).
• Improve management efficiency by identifying and implementing best practices.
• Avoid getting ‘stuck’ with excess and obsolete inventory by applying our ‘end-of-life’ management technique.

 
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

We offer the chance to be awarded a 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 12 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, most people take 3-6 months – roughly one module per two weeks.
• 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 12 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?”

Option to Upgrade to the Pro Membership

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 12 months of Pro access from the date of the upgrade.
This means that if you decide to upgrade after, say 11 months, you then get 12 months of Pro access.

The upgrade investment will be a flat rate equal to the difference between the Advanced and Pro Level investments. Just contact us to request an upgrade.

What happens when you join?

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 12 months – allowing you to reinforce or refresh your knowledge when you need to.