‘Must Know’ Training in Spare Parts Management

Subject Area: ‘Must Know’ Training in Spare Parts Management
 

 
Companies experience problems with their spare parts inventory because they unwittingly assume that ‘the standard’ inventory management tools and techniques apply equally to this type of inventory.

They do not.

This error of thinking is most common with people who are new to spare parts management or who have not undertaken specialist spare parts management training.

Without understanding this and the implications companies continue to experience:

• Overstocking
• Excessive obsolete inventory
• Poor parts availability
• Additional equipment downtime

These issues can be overcome once specific requirements and methodologies are understood.

The ‘Must Know’ Training Course teaches simple, effective, step-by-step strategies and tools to help you make better decisions and generate improvements in spare parts management.

Our content is:

• ‘Real world’, not theoretical or based on pointless statistical analysis.
• Specifically applicable to MRO and spare parts inventory, not generic supply chain management.
• Immediately usable – simple, clear, and useful.

 
Because this course teaches the ‘Must Know’ tools and techniques for managing spare parts inventory.

And without that insight companies will continue to experience problems.

By completing this course participants will understand the fundamentals of spare parts management, be able to identify critical spare parts and how to manage them, and how to set holding levels that are responsive to both the demand requirements and supply constraints – without confusing formulas.

 
The ‘Must Know’ Training Course is focused on MRO and spare parts inventory – unlike most inventory management courses. Once you understand why this matters you are halfway to solving your problems.

The course is:

• Self-paced
• 100% online
• Available on-demand 24/7
• Includes 4 lessons
• Enables you to work through the content in ‘bite-sized’ chunks

 
Plus,

• Because our online training has no fixed time or place, you don’t need to wait until an event starts, or take the risk that you can’t attend at that time
• You just get started. It is as simple as that.

You could complete this short-course in less than a day, but we know that you are busy and so each student has 3 months to complete the training. This allows time for follow up and refreshed understanding.
 

 
The training is provided in four lessons that are released sequentially – users cannot progress to the next lesson until they complete the current lesson.

The lessons address the four issues that are fundamental to spare parts inventory management:

• Identifying what to stock

Our ‘planning horizon’, 7 questions, and identifying critical inventory approaches make it clear what you should, and should not, hold in your inventory.

• Deciding how many to stock

Using a simple, clear, and immediately useable approach anyone can determine the right holding level in just a few minutes.

• Identifying and implementing best practice

Through extensive research we have identified the 7 best practices that make a real difference to your results.

• Minimizing disposal and obsolescence

With both ‘first-time-buy’ and ‘end-of-life’ management we show you how to avoid getting stuck with inventory you don’t want or need

This course also includes a 24-page workbook that:

• Guides the user through the lessons
• Includes places for notes and action planning
• Contains all the course exercises

 
Successful completion of the course quiz results in recognition of your learning through awarding of the ‘Must Know’ Training Certificate.

• The quiz includes 24 multi-choice questions.
• A ‘pass’ result is 20 questions correct.

 
A key feature of SparePartsKnowHow is our online training support.

• This is clearly different to most training where time limitations mean you have little access to the trainer and their support.
• Everyone who joins SparePartsKnowHow.com gets access to ask any questions they have relating to our content and the application of that content.
• Tell us what problem you are trying to solve, and we will direct you to the right content.

How much more could you contribute to your company’s success if you just had that extra insight into spare parts management?”

For those who are unsure whether to join the ‘Must Know’ Training or our Advanced Course we offer our ‘peace of mind’ option.

If, after joining the ‘Must Know’ Training, you decide to upgrade to our Advanced Course, you can do that at any time during your ‘Must Know’ Training access.

When upgrading you then get 6 months of higher level access from the date of the upgrade.

This means that if you decide to upgrade after, say 2 months, then you still get a full 6 months of higher level access.

The upgrade investment is a flat rate equal to the difference between the ‘Must Know’ Level and the Advanced Course investments plus a small admin fee. To upgrade, use the link on the orientation page after you join the ‘Must Know’ Course.

Course content is unlocked and available immediately.
 
 
 

This course is delivered on a lesson-by-lesson basis. Once you complete one lesson the next level is instantly available.
 
 

You get access for 3 months – allowing you plenty of time to complete the training.
 

 
This course is the fastest way to learn spare parts management – guaranteed.

Our ‘Must Know’ training short course teaches the absolute ‘must know’ information, tools, and techniques required for effective spare parts management.

These are simple, effective, step-by-step strategies and tools to help you make better decisions and generate improvements in your spare parts management.

The course content is:

• ‘Real world’, not theoretical or based on pointless statistical analysis.
• Specifically applicable to MRO and spare parts inventory, not generic supply chain management.
• Immediately usable – simple, clear, and useful.