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Stock Turn Definition

April 29 spkhadmin

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.     Stock turn is one of, if not the, most important metrics that you can use to measure the effectiveness of your spare

Filed Under: Glossary

Definition of Just In Time (JIT)

April 9 spkhadmin

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.     Just In Time (JIT) is perhaps the most often quoted, and yet misunderstood, term in management.  JIT, developed as one pillar in

Filed Under: Glossary

Reorder Point Definition – What You Need to Know

March 18 spkhadmin

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 Reorder Point Definition is Vital Understanding the reorder point definition is a vital element of understanding and being able to

Filed Under: Glossary

Economic Order Quantity Definition

March 4 spkhadmin

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.     EOQ is often misunderstood to be the purchase quantity that provides the lowest purchase cost per unit. For example, when buying in

Filed Under: Glossary

ABC Analysis Definition

February 25 spkhadmin

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.     An ABC analysis is an analytical approach to inventory management. The analysis aims to divide the inventory items into categories and

Filed Under: Glossary

Safety Stock Definition

February 18 spkhadmin

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 safety stock is one of the most important attributes of high performing spare parts inventory management. Companies that do not understand

Filed Under: Glossary

MRO Definition (Plus Materials, and Spare Parts)

October 15 spkhadmin

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.     Here is a useful and practical MRO definition that identifies MRO separately from materials and spare parts. Often people refer in books, magazines,

Filed Under: Glossary

Who is Phillip Slater?

October 1 spkhadmin

That’s a fair question.  After all if you are going to join SparePartsKnowHow.com for online training and information then you want to know who Phillip Slater is and why this website will work for you. Let’s face it, there is plenty of material on inventory management out there on the

Filed Under: Glossary

MRP Definition

September 17 spkhadmin

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.     Is the technique known as Materials Resource Planning misunderstood?   Well, in the world of materials and spare parts management for maintenance

Filed Under: Glossary

Supply Chain Management Definition

September 4 spkhadmin

Spare Parts Warehouse

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.     APICS, The Association for Operations Management uses the following Supply Chain Management definition: ‘design, planning, execution, control, and monitoring of supply chain

Filed Under: Glossary

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Spare Parts Management Masterclass

Watch this on-demand webinar to discover the 8 strategies that will help you achieve your spare parts inventory management goals
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‘Must Know’ Training

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

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Advanced Spare Parts Management Course

For those who need to go deeper and broader.

Ideal if your goal is to update your company’s approach and systems for spare parts management.
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Pro Level Membership

With access to all our key resources, a Pro Level membership will equip you with the know-how and skills to become a ‘thought leader’ in spare parts inventory management.
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Online Boot Camp

A live, online, interactive, team-based delivery of our Basic Training course designed to provide your team with a common understanding of the basics of spare parts inventory management. Read more...

Software and Services

At SparePartsKnowHow.com we can help with more than just spare parts management training.

We also have access to software and services that are developed to help with spare parts inventory management.
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