The issue with inventory optimization is that it is multifactorial. That means it relies on a whole range of different factors in order to be truly effective. If you focus solely on one single criterion, one of those factors, then you are likely to be missing out on big opportunities
Identifying Best Practices for Spare Parts Inventory Management
For access to this post, and all of our content, join using the button below. If you are already registered then you need to log-in. One problem with ‘identifying best practices’ is that while it may be possible to define targets for almost everything that you do,
The High Cost of Free Parts (Video)
Does your company buy spare parts as part of new capital equipment purchases? Are these then treated as ‘free spare parts’ when used by your team?. There are some very real consequences from how we treat those so-called ‘free’ parts. It’s just that sometimes they’re not so obvious to us.
Getting Approval for Spare Parts Management Training – An Email for Your Boss
Do you need your boss to agree for you to get spare parts management training approval? Are you looking for a way to win their support? To help we have provided here a template of an email for your boss. Just cut and paste this note below
Mastering Spare Parts Management Meetings – Part 2
Mastering Spare Parts Management Meetings is a two-part video series developed from a presentation and interview with Joel Levitt. Introduction It is a fact of life that spare parts management meetings are required for both planning and decision-making. Why are spare parts management meetings so important? Without meetings and the
Mastering Spare Parts Management Meetings – Part 1
Mastering Spare Parts Management Meetings is a two-part video series developed from a presentation and interview with Joel Levitt. Introduction It is a fact of life that spare parts management meetings are required for both planning and decision-making. Why are meetings so important? Without meetings and the communication and agreement
Forecasting Spare Parts Requirements
Is the forecasting of spare parts requirements hard, especially intermittent parts? Is your demand for parts based on random failure? These issues lead to forecasts that don’t achieve their goal. Having the past you need, when you need them. In this short video Phillip Slater explains what works – and