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

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

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

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

Definition of Spare Parts Inventory The International Accounting Standards define inventory as follows. ‘Inventories’ are assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be consumed in the production process or in