Before deciding how many of an item should be stocked, the first question to ask is: should the item stocked at all? One of the issues with managing spare parts inventory, used for operations and maintenance support is that deciding what to stock can often be an emotional rather than
Identifying Critical Spare Parts
Identifying Critical Spare Parts: One of the key causes of incorrect critical spare parts assessment is the assumption that just because a part is critical for the equipment that it is also to be classified as a critical spare part for the storeroom. In this short video Phillip Slater explains
Spare Parts Criticality
How do you determine spare parts criticality? Most companies don’t really understand criticality and see it as a single dimension issue. But that is just not right.
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