Do you know the characteristics that differentiate direct and indirect procurement? Direct procurement is characterized by high volumes, regular purchases, and a small number of suppliers. Indirect procurement, and MRO in particular, is characterized by low volumes, irregular purchases, a large number of different items, and a large number of
Monte Carlo Simulation: Inventory Optimization, Spreadsheets, and Black Box Solutions
Subject Area: Monte Carlo Simulation An interview on monte carlo simulation and inventory optimization with Michael Worden, CEO of Right Sized Inventory Software and techniques for inventory optimization have evolved over many years. While this sounds like good news, the real issue is that the approach used in software is
Spare Parts: Do You Want a Better Number?
The management of spare parts inventory involves a lot of numbers. Stock ID numbers. Location numbers. Purchase order numbers. To name a few. The numbers that seem to get the most attention however are the dollar value numbers. How much is on hand and how much is used. These numbers
Is Now the Time for Spare Parts Management Online Training?
Subject Area: Spare Parts Management Online Training Have you been frustrated at the lack of easy to access options relating to spare parts management training? Would you benefit from training where you don’t need to travel and could start at any time? One Thing That
Transparent Collaboration: The Future of MRO Procurement
An Interview on MRO Procurement with Mr. Detlef Daues, Founder of the V-LINE Group For the past few decades, the role of procurement has continuously evolved. Someone who has been at the forefront of these changes is Detlef Daues, Founder of the V-LINE Group. I met with Mr Daues at
Is PCB Holding Back Your Spare Parts Management Progress?
Subject Area: Spare Parts Management Progress What is holding back your spare parts management progress? It could be PCB. This article explains what that is and what you can do about it. Why is it that good companies continue to do bad things with regards to spare parts management? I
Spare Parts Management Education: Are You a Goldfish?
Subject Area: Spare Parts Management Education How would you know if your spare parts management system was sub-optimal? If your ERP system is fit for purpose, why do you still not get the results you want? This article explains why sub-optimal spare parts management systems are most likely a failure
Questioning the Purpose of Holding Spare Parts Inventory
What is the purpose of holding spare parts inventory? Do you question the purpose of holding parts BEFORE they are purchased? This article explains four likely responses to the question: for what purpose? For access to this post, and more of our content, join using the button
Management of Spare Parts: Are you Using the Right Set of Rules?
Do you really understand the ‘rules’ of spare parts inventory management? Does it matter if you do or don’t? This article explains why it does. The management of spare parts is no different to any other management activity: to be successful it is important that you understand the
The Spare Parts Management Planning Horizon
The spare parts management planning horizon is the time between when you know that you’re going to need the part and when you can get the part available for use. In this short video Phillip Slater explains. The Spare Parts Management Planning Horizon Video Transcript Hi, my name is Phillip