Q: One thing I’d be interested in knowing more about is rationalizing inventory. To elaborate, what I’m interested in knowing more about is how companies that have multiple locations in a region are able to take spares that are carried at each location and rationalize (or store at one location)
Why Your Inventory Management Software Gives You The Wrong Answer
Many of my clients get quite frustrated with their inventory management software – especially the type of software that they use to calculate ‘optimal’ holding levels. What they tell me is that they typically and frequently get from their software crazy numbers that just don’t make sense. In fact, it
MRO Definition (Plus Materials, and Spare Parts)
Here is a useful and practical MRO definition that identifies MRO separately from materials and spare parts. Often people refer in books, magazines, blogs, presentations and so on to MRO, materials, and spare parts; but what do these individual terms really mean? And does it really matter? This is the
Who is Phillip Slater?
That’s a fair question. After all if you are going to join SparePartsKnowHow.com for online training and information then you want to know who Phillip Slater is and why this website will work for you. Let’s face it, there is plenty of material on inventory management out there on the
Phillip Slater Wins National Logistics Leadership Award
Leadership in Logistics Education Award In 2012 the Logistics Association of Australia announced Phillip Slater as that year’s winner of the Kim Rothwell Leadership in Logistics Education Award. Phillip Slater is a spare parts management specialist, consultant, author, and Founder of SparePartsKnowHow.com. Kim Rothwell, is a life member of the
MRP Definition
Is the technique known as Materials Resource Planning misunderstood? Well, in the world of materials and spare parts management for maintenance support I certainly think that it is. Here is our MRP definition: Materials Resource Planning (MRP) is a management technique that is used to
Why MRO and Spare Parts Inventory Management Is Different to Other Inventory
Subject Area: MRO and Spare Parts Inventory MRO and spare parts inventory management is different so is it any wonder why you can’t seem to get your MRO and spare parts inventory consistently under control while other inventory types appear to be well managed? Are you challenged by the spare
Supply Chain Management Definition
APICS, The Association for Operations Management uses the following Supply Chain Management definition: ‘design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.’ That’s quite a mouthful
Spare Parts Inventory 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. Definition of Spare Parts Inventory The International Accounting Standards define inventory as follows. ‘Inventories’ are assets: (a) held for sale in the ordinary
Excess Spare Parts Inventory: Deal With It
One of the issues that arise with spare parts management in every industry is the management of excess inventory. This is particularly so with engineering spares, used to provide operational support to maintenance and production. With these spare parts there is often a high number of items that are used