Essentially all inventory stocking decisions can be resolved as a forecasting problem. 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. This is because the essence
Spare Parts Management Best Practice Starts Outside the Storeroom
For complimentary access to this article and our entire blog archive, register using the button below. We will also keep you up-to-date on new content and courses. If you are already registered then you need to log-in. Best Practice Requires Preparation You don’t need to be a
Stock Turn Illusion and How to Avoid It
What if the metric that you rely on doesn’t actually tell you what you think it does? In this 2-Minute Tutorial Phillip Slater discusses the Stock Turn Illusion and how some companies misinterpret this important spare parts inventory management measure. Phillip Slater is a Spare Parts Management Specialist with 35
Why You MUST Have Multiple Spare Parts Management Champions
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] Every consultant that you ever meet will tell you that in order to implement any type of operational improvement you will need a project champion. That is, someone who not only knows what is required but who also is prepared to work to make it happen, push back to the
Do Inventory Classifications Matter?
In this 2 Minute Tutorial, Phillip Slater, discusses spare parts inventory classifications. Does it matter whether you classify your spare parts inventory by machine type or inventory type? Phillip thinks that it does and explains why. For access to this post, and all of our content, join using the button
The Acquisition Trap and Spare Parts Management
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] The Acquisition Trap What happens when most companies purchase or develop software for solving their spare parts inventory management problems? Typically, they will spend a lot of time, energy and money trying to integrate their purchase into their existing systems but ultimately, over time, they will make little or no
MRO Digital Learning Tactics
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] MRO Guy Podcast with Steve Landis In this episode, noted Author Phillip Slater stops by to share how to best leverage the digital learning techniques when it comes to developing MRO skills for your team. Phill’s visit on this podcast are always enlightening and this one is no different with
How Your SAP Safety Stock Definition Can Drive You to Overstock Your Inventory
The SAP Safety Stock Definition and Your ERP What would you say if you found out that your company software systematically encouraged you to overstock your spare parts inventory? Crazy idea right? After all isn’t the software supposed to help you to get it right? Well, this is the exact
How Your ERP Software May Lead to Overstocked Inventory (Video)
Subject Area: Overstocked Inventory 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. Avoiding a Pitfall that Leads to Overstock Inventory In this 2 Minute Tutorial, Phillip Slater, warns of a
Spare Parts Management Collaboration Vs Cooperation
Subject Area: Spare Parts Management Collaboration Collaboration Vs Cooperation Over the past few years there has been a growing awareness that effective and efficient spare parts management requires the input of people from a number of different departments. Engineering spare parts inventories are influenced by engineering, maintenance, planners, stores/warehouse, finance,