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Options for Excess and Obsolete Spare Parts

August 6 Phillip Slater

What are your options for dealing with excess or obsolete spare parts inventory? Typically there are four: 1. Do nothing 2. Write off and dump 3. Utilize at another site/location 4. Sell       Option 1 achieves nothing, except setting a poor example on what the company expects of

Filed Under: Inventory Management

Inventory Reduction Metric – A Warning

June 1 Phillip Slater

Subject Area: Inventory reduction metric Goodhart’s Law When thinking about the measurement of actions and outcomes relating to spare parts inventory reduction it is worth considering the work of a British economist, Charles Goodhart. In 1975, Goodhart wrote what became known as ‘Goodhart’s Law’. The simplified version states: When a

Filed Under: Inventory Management

Spare Parts Management Boot Camp

May 31 Phillip Slater

Topic Area: Spare Parts Management Boot Camp **** Registration has now closed ****   Spare Parts Management Boot Camp Course Description and Details This intensive course teaches participants the fundamentals of spare parts inventory management. This includes: Why spare parts are different to other types of inventories (and what this

Filed Under: Inventory Management Tagged With: inventory reduction, mro, spare parts, spare parts management decisions, spare parts management strategy, workshop

Using Spare Parts Metrics to Tell a Story

May 16 Phillip Slater

Spare parts metrics

Subject Area: Spare Parts Metrics Everyone reading this will have no doubt heard the expression, “what gets measured, gets managed” – or something similar. The original quote is usually attributed to Peter Drucker’s 1954 book ‘The Practice of Management’. Perhaps more interesting is the somewhat lesser-known full quote:    

Filed Under: Metrics and Reporting Tagged With: mro, spare parts inventory, spare parts management decisions

Spare Parts Inventory Training

May 2 Phillip Slater

Subject Area: Spare Parts Inventory Training Why is it, that despite the best efforts of management teams, most spare parts inventories remain bloated with excess, surplus, and obsolete items, while also not providing the level of service expected by the users? The simple answer is spare parts inventory training –

Filed Under: Inventory Management

Inventory Optimization Solution

April 18 Phillip Slater

Subject Area: Inventory optimization solution When most people think about spare parts inventory optimization, they tend to think of expensive inventory optimization software that requires lots of training and produces ‘slice and dice’ reports. At least that’s my experience. The problem is that with spare parts inventory nobody really needs

Filed Under: Inventory Management

Inventory Sharing Solution

April 4 Phillip Slater

Subject Area: Inventory Sharing Solution For those of you that manage spare parts inventory across multiple sites, how often have you had one site purchase a new spare when another site has an excess quantity of the same item on the shelf? What about experiencing extended downtime waiting on a

Filed Under: Inventory Management

Excess and Obsolete Inventory Disposal

March 21 Phillip Slater

Subject Area: Excess and Obsolete Inventory Disposal How many companies can you name that have a well-defined system for disposing of excess and obsolete spare parts inventory? Not many I bet. The problem is that typical spare parts management systems are designed to get stuff into the storeroom, not remove

Filed Under: Comp, Inventory Management

Materials Data Management Solution

March 7 Phillip Slater

Subject area: Materials Data Management Solution When was the last time you checked how much of the data in your in-house spare parts catalog is incorrect? By incorrect I mean wrong or out of date description, part number, supplier details and so on. Recently I saw a report indicating that

Filed Under: Comp, Inventory Management

Optimization Software Target Map

November 16 Phillip Slater

Subject Area: Optimization Software Target Map Optimization Software Target Map Our optimization software target map is designed to help you visually identify the strengths and weakness of different software choices. The map is divided into four quadrants. Each quadrant represents a different feature of optimization software programs. For each quadrant

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

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Pro Level Membership

Our Pro Level Membership will equip you with the know-how and skills to effectively optimize and manage all aspects of your spare parts inventory.
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40 Key Lessons for Spare Parts Inventory Management and Optimization

This complimentary management guide identifies 40 key lessons for spare parts inventory management and optimization.
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Live Online Boot Camp

This intensive course applies a live, interactive format to teach participants the fundamentals of spare parts inventory management in 4 sessions.
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Latest Blog Posts

  • Options for Excess and Obsolete Spare Parts
  • Inventory Reduction Metric – A Warning
  • Spare Parts Management Boot Camp
  • Using Spare Parts Metrics to Tell a Story
  • Spare Parts Inventory Training

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