Does your company operate with clear management silos? Do you understand how this requires special management attention in order be successful? Your spare parts management silos will have a big impact on your overall performance. For access to this post, and all of our content, join using the button below.
Working Capital Decision-Making (Video)
Does your company spend money (working capital) on spare parts inventory that you don’t actually need? Do you end up holding them for a long time before deciding to remove those parts and incur the cost of the obsolescence? Perhaps a better idea would be to not buy those parts
Spare Parts Management: Who Owns the Problem?
This post, Who Owns the Problem, is from our first ever newsletter. Published in February 2007. It is re-posted in celebration of our 250th edition. Inventory Reduction Identified Recently I worked with an organization to help identify opportunities relating to their indirect inventory. Specific details about the company aren’t important
Multi-Echelon Inventory Management Definition
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. A multi-echelon inventory management system occurs when multiple storerooms are part of a spare parts inventory management and supply system. For example,
Satellite Stores Definition
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. A Satellite Storeroom is a small storage area that is separate from the main or central storeroom. What differentiates satellite stores from
Squirrel Stores Definition
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. Squirrel stores are the unofficial hoarding of items outside of the official storeroom management system. Squirrel stores are usually established out of
Management of Spare Parts Inventory Video – Working Together
This management of spare parts inventory video explains why the effective and efficient management of spare parts relies on the input from people from a whole range of different functions from within the organization. Working together is essential for spare parts management success. Phillip explains in this short video. For
Spare Parts End of Life Planning (Video)
When you do Spare Parts End of Life planning you have to make a really important choice. If you consciously make that choice at the beginning of your end of life planning process, you’ll have a much better result. In this short video Phillip Slater explains. For access to this
Inventory Cash Release Process (Video)
The Inventory Cash Release Process simplifies the review of individual spare parts items and helps you make better decisions on stock holdings and quantities. How simple is this process? In this short video Phillip Slater explains. For access to this post, and all of our content, join using the button
Spare Parts Standardization: The Pros and Cons (Video)
One of the enduring debates around spare parts management is to do with spare parts standardization. That is, if we standardize our plant and equipment, we would then be able to hold a standardized set of spare parts? In this short video Phillip Slater explains the pros and cons of