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
Definition of Just In Time (JIT)
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
Reorder Point Definition – What You Need to Know
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
Economic Order Quantity 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. EOQ is often misunderstood to be the purchase quantity that provides the lowest purchase cost per unit. For example, when buying in
ABC Analysis 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. An ABC analysis is an analytical approach to inventory management. The analysis aims to divide the inventory items into categories and
Safety Stock 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. Understanding safety stock is one of the most important attributes of high performing spare parts inventory management. Companies that do not understand
MRO Definition (Plus Materials, and Spare Parts)
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,
Who is Phillip Slater?
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
MRP 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. Is the technique known as Materials Resource Planning misunderstood? Well, in the world of materials and spare parts management for maintenance
Supply Chain Management 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. APICS, The Association for Operations Management uses the following Supply Chain Management definition: ‘design, planning, execution, control, and monitoring of supply chain