When people don’t have the right training, they make well-meaning but ultimately incorrect decisions. When you hear that someone has a job that carries significant responsibility for the expenditure of company funds, or that has the potential to significantly impact operational outcomes, it is reasonable to assume that they know
Corrosion Protection of Spare Parts
What happens when iron and oxygen interact? Corrosion. The most familiar form of corrosion is rust. That red-brown stain that is seen on unprotected iron-based metals everywhere. It is a major problem with many spare parts. For access to this post, and all of our content, join using the button
What is a Spare Parts Numbering System?
This article discusses spare parts numbering systems and covers: What is a spare parts numbering system? Intelligent and dumb spare parts numbering Which approach to use For access to this post, and all of our content, join using the button below. If you are already registered then you
7 Things That Every Senior Manager and CFO Should Know About Spare Parts Management – Part 6
Subject Area: Working Capital Management It is easier for individuals to spend money on more inventory than it is to change processes, examine purchases, or better define maintenance needs 6. How 36% of Working Capital Spent on Spare Parts is Wasted The Paradox of Spare Parts and Working Capital
Spare Parts Inventory Data Governance and Cleansing
This article discusses: Why Your Spare Parts Data Will Lose Integrity The Key to Spare Parts Inventory Data Governance The Requirements of a Data Governance Solution For access to this post, and all of our content, join using the button below. If you are already registered then you need
The Key Elements of a Spare Parts Management System
Do you know what constitutes a spare parts management system? Do you know the consequences for not knowing this? This article explains: A Video Explaining the Key Elements of a Spare Parts Inventory Management System Just What is a Spare Parts Inventory Management System? Definition of a Spare Parts Inventory
7 Things That Every Senior Manger and CFO Should Know About Spare Parts Management – Part 5
Subject Area: Spare Parts Inventory Control It is pretty clear that a company that wants to maximise cash flow, maintain a strong balance sheet, meet customer expectations, reduce operational costs, and maximize profits, had better pay attention to its spare parts inventory management! For access to this post, and
Spare Parts Management Certificate Testimonial
The Best Resources I Have Every Studied My career has been spent in Spare Parts, Materials and Warehousing in support of operations and maintenance (O&M). Until now, my knowledge, skill and ability has been largely learnt on the job as well as working alongside some very experienced maintenance people and
7 Things That Every Senior Manger and CFO Should Know About Spare Parts Management – Part 4
Subject Area: Spare Parts Management Support Companies that fail to provide the resources and C-suite support necessary to ensure the effective management of spare parts… will fail to deliver the full measure of shareholder value For access to this post, and all of our content, join using the button
7 Things That Every Senior Manager and CFO Should Know About Spare Parts Management – Part 3
Subject Area: Excess Parts Inventory All problems end up in inventory Continuing this series on 7 Things That Every Senior Manager and CFO Should Know About Spare Parts Management this post addresses Part 3: Excess Inventory is a Symptom of Other Problems. For access to this post, and all of