The management of rotable items and repairable spare parts is different to the management of other inventory items and proper control requires greater cooperation between maintenance and stores/inventory management. For access to this article, and all of our content, join using the button below. If you are already registered
How Storeroom Security Puts Reliability at Risk
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] Many companies are fully aware of the importance of maintaining security around their spare parts inventories. They secure their spares in lock-up areas, ensure staff are on hand to manage the high levels of spares requests during the day shift period of highest maintenance activity, and provide a rock solid
Procurement Savings: 33% by Removing One Artificial Constraint
Subject Area: Procurement Savings One of the main short comings that I see in the approach to indirect materials and spare parts management procurement is that many people don’t think past the key decision as to whether to stock or not to stock an item. After they reach the decision
Are the Benefits From Inventory Savings Real?
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] Last month I wrote about the cost of delaying action when improvement opportunities are identified. My point was that many people only consider the accrual of benefits AFTER they have taken action and not the opportunity cost of not taking or delaying action (e.g. if I can be $100 better
Stock Turn Measurement – Four Common Problems
This 2-Minute Tutorial explains the calculation of stock turns and presents 4 common problems with both calculation and interpreting the stock turn ratio. 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.
Why You MUST Also Review Critical Spare Parts
Maintenance and reliability engineers will happily (well, not happily) undertake a review of spare parts that are not classified as critical, yet they will shy away from reviewing items that are classified as critical spare parts. Why? Why should you choose to avoid reviewing spare parts that are classified as
The Real Cost of Delayed Action
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] What would you do if you had the chance to save $2M per year with no capital expense and a payback period measured in weeks? Nothing? Have you ever noticed how much time we all spend considering the costs of taking action and how little time we spend considering the
Eliminating Spare Parts Stock Outs
One of the main fears of most reliability and maintenance engineers is that, at the time of actual need, the required spare part will not be available. This is commonly referred to as a stock out. Thus the goal of many reliability and maintenance engineers is to eliminate spare parts
18 Tips for a More Efficient and Effective Stock Take
A stock take can be an administrative nightmare or they can be efficient and effective. It all depends on how they are set up and organized. For access to this post, and all of our content, join using the button below. If you are already registered then
Calculating Spare Parts Stock Levels
Do you hold the right levels of spare parts? Have you done the right analysis? These are two questions that keep maintenance and reliability engineers awake at night. Determining which approach to use for calculating reorder points and reorder quantities is the easy part of this dilemma. The hard part