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 By incorrect I mean wrong or out of date description, part number, supplier details and so on.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
Optimization Software Target Map
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
Software demos are for you, not the vendor
Subject Area: Software demos Traps to Avoid: Lesson 6 Some companies make it very hard for you to get a software demo because they are afraid of wasting time with “tire kickers”. They want you to demonstrate to them that you are worth their time! However, if a company is
Developing Your Own Optimization Software
Subject Area: Developing Your Own Optimization Software Traps to Avoid: Lesson 5 Avoid the temptation of developing your own optimization software. Sometimes when companies can’t find the ‘perfect fit’ from a vendor they think that they should spend their time developing your own optimization software using MS Excel or something
Instructor-led Online Training
Subject area: Instructor-led Online Training In addition to our standard online training we can also provide tailored online spare parts management training. This is an instructor-led spare parts management training service that will focus on your specific issues and concerns. Here are the key points: Pre-training session to discuss your
Appropriate Inventory Settings
Subject Area: Appropriate inventory settings Traps to Avoid: Lesson 4 Be wary of using any form of weighted sorting. This is where each feature is given a weighting in terms of the contribution to the overall performance and each solution is scored. An overall score is then determined by multiplying
Spare Parts Inventory Optimization Trap 3
Subject Area: Spare parts inventory optimization trap 3 Traps to Avoid: Lesson 3 Don’t judge a solution by its position on Google! At the top of search engine results there are ads – top placement for companies that have paid for that position. Then there is a list of companies
Spare Parts Inventory Optimization Trap 2
Subject Area: Spare parts inventory optimization trap Traps to Avoid: Lesson 2 Spare parts inventories are typically made up of tens of thousands of items, but do they all need to be optimized? It is easy to fall into the trap of thinking that because the ‘software does the work’
Optimization Problems – Not All Solutions are the Same
Subject Area: Optimization Problems Don’t believe the hype that all optimization software will solve all optimization problems. It is easy to think that all optimization software solutions are the same – they are not. Techniques vary. Some companies keep their techniques secret. They don’t want to share the specifics of
Optimization Software Problem Definition Template
Subject Area: Optimization Software Problem Definition Template This is our optimization software problem definition template. A problem definition should look something like this four point template: Our spare parts inventory routinely fails to deliver on our goals of minimal stock with target availability because… (insert issues of concern) This is