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. A multi-echelon inventory management system occurs when multiple storerooms are part of a spare parts inventory management and supply system. For example,
Satellite Stores Definition
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. A Satellite Storeroom is a small storage area that is separate from the main or central storeroom. What differentiates satellite stores from
Squirrel Stores Definition
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. Squirrel stores are the unofficial hoarding of items outside of the official storeroom management system. Squirrel stores are usually established out of
Sparesology Definition
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. Sparesology ® is a term coined as a shortcut for the discipline of optimizing the physical, financial, process, and human resource management
Spare Parts Inventory Management Acronyms and Abbreviations
Acronym Explainer What happens when one person uses spare parts inventory management acronyms and abbreviations and another person either doesn’t know what is meant, or worse they think that it means something different? Expensive mistakes and wasted time. Not to mention the potential embarrassment! To help you navigate this confusing
Insurance Spares Definition (Video)
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. In this 2 Minute Tutorial Phillip Slater defines and discusses insurance spares, their main attributes and how they are different from other
Stock Keeping Unit (SKU) Definition and Explanation
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. Understanding the definitions used in spare parts inventory management is vitally important. For without a common understanding of terms it is difficult
Insurance Spare Definition and Explanation
It is important to specifically categorize insurance spares in your inventory. If you don’t categorize insurance spares you may find that you stock a lot of value in this type of spare part but cannot segment those spare parts and therefore subject them to appropriate scrutiny. With appropriate scrutiny you
Inventory Accuracy: Extract from Webcast
The following video is an extract from a recent webcast on inventory accuracy and Why it Matters. Here Phillip Slater discusses two different definitions of inventory accuracy. Understanding that, from an inventory management perspective, we need to be concerned with accuracy at an individual item level tells us that to
Inventory Accuracy Definition
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. The idea of providing an inventory accuracy definition may seem a bit redundant – after all the word accuracy is understood and who