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Spare Parts Inventory Management Training

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The Two Whys of Spare Parts Inventory Management

May 16 spkhadmin

The Toyota Production System is seen by many as the origin of Lean Manufacturing – an approach to operations management that eliminates waste and as the name suggests aims to operate as lean as possible.  According to Taiicho Ohno, the creator of the system, the approach was built upon a

Inventory Management

The Truth About Long Supply Chains

May 16 spkhadmin

Recently I visited a company located near Hobart, in Tasmania. Hobart is the southern most capital city in Australia and possibly the world.  One of the interesting things about Hobart (from a spare parts inventory perspective) is that it is a long way away from many industrial centres that supply

Inventory Management

Repairable Spare Parts Decision Making

March 23 spkhadmin

Recently I was helping a company develop a suite of spare parts management policies.  The process for this involves reviewing the company’s existing policies and then working with their nominated team to improve these or develop new polices, using ‘tried and tested’ generic policies as the starting point.  The Repairable

Policies and Procedures

The Pros and Cons of Bar Coding

February 7 spkhadmin

Q:  We are considering the installation of bar coding systems at our facilities. We will use the system for cycle counting, receiving and issues. Most of our sites are on board with the installation of bar coding system, except for one of our sites. They do not think the system

Storeroom Management

Definitions of Different Inventory Fill Rates

January 30 spkhadmin

Q:  What is the difference between Order Fillrate (First Fillrate) and Service Fillrate?  As an Inventory person which one should be important for me? A: In my experience the terms Order Fill rate, First Fill rate, and Service Fill rate are not universally defined. In many companies they can mean the

Metrics and Reporting

Three Questions For Better Spare Parts Management

December 8 spkhadmin

Usually I use this forum to provide answers but this month I have decided to pose some questions. It’s up to you to determine the answers that will work best for you! Here are three questions to help you achieve better spare parts management by focusing on the actions that will

Continuous Improvement

Will an inventory turnover >1 be practical?

December 8 spkhadmin

Q: I would like to take your opinion on the target for inventory turn over particularly for the industrial warehouse like ours, where around 80 to 85% of the materials stocked with us are maintenance spares /materials and many out of them are recommended by the OEM’s as 3-5 years

Metrics and Reporting

How do we measure reduction in consumption of MRO?

December 8 spkhadmin

Q: A question I have is how do we measure reduction in consumption of MRO?  It seems a highly problematic area (to me at least!).  We have a complete data set of usage and spend for the past 12 months and are seeking to measure the impact of control systems

Metrics and Reporting

Unable to Download Presentations

December 8 spkhadmin

Q: I am enjoying SPKH very much. You have put words and tools together from many similar experiences. I am sharing with my direct reports. I am also sending my peers to sign up. I have one question. I am unable to download any presentations from the resource center. Can

Online Training

Do you have an opinion about the Oniqua Optimiser?

December 8 spkhadmin

Q: Do you have an opinion about Oniqua’s Optimiser – we have it in use here.   It certainly has very good reporting but as far as forcasting we have struggled to get it right. Their settings are over the top and therefore wrong imputs have given bad results. A: What can

Inventory Optimization

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Decide what to stock, how much to hold, and how to tackle excess inventory using practical tools, templates, and specialist guidance.
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Get Your Team Making Consistent Decisions

Align maintenance, procurement, engineering, and stores around shared spare parts decision principles to improve inventory performance. Explore Foundations for Teams...

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