The management of spare parts inventory involves a lot of numbers. Stock ID numbers. Location numbers. Purchase order numbers. To name a few. The numbers that seem to get the most attention however are the dollar value numbers. How much is on hand and how much is used. These numbers

Guest Post from Michael Worden, CEO, Right Sized Inventory   In the short term, historic order patterns will not be sufficient to run the supply chain. These are the words of Lora Cerere, Founder of Supply Chain Insights, in a recent article published in Forbe’s magazine. Unfortunately, Lora

Subject Area: Spare Parts Supply Chain The COVID-19 (coronavirus) outbreak that started recently in Wuhan China is having a ripple effect across the world. UPDATE 7 May 2020: It appears that more than 265,000 people have died and more than 3,818,000 people have been infected. The development of a vaccine

Good news if you are looking for great resources to help with spare parts management. My publisher, Industrial Press, is having a ‘Season of Savings’ book sale. This includes my latest book: Spare Parts Inventory Management     For 20% of all print and e-books use the code HOLIDAY20 Sales

For complimentary access to this article and our entire blog archive, register using the button below. We will also keep you up-to-date on new content and courses. If you are already registered then you need to log-in.     Over the 35 years of my career I have learned

For complimentary access to this article and our entire blog archive, register using the button below. We will also keep you up-to-date on new content and courses. If you are already registered then you need to log-in.     The management of spare parts is no different to any

Your spare parts management silos have a big impact on your overall performance. For example, your maintenance and reliability team will know better than anyone the impact that a shortage of spare parts has on the business. No spare often equals no production and so there is sometimes an attitude