For the past few months, we have been reshaping SparePartsKnowHow.com around a simple idea: People responsible for spare parts need more than another course. They need practical access to the right expertise, at the point where they are making decisions. That work has now reached an important milestone. The Operations
From Training Courses to Decision Support: The Next Stage for SparePartsKnowHow.com
For many years, SparePartsKnowHow.com has presented much of its expertise through training courses and supporting resources. That structure made sense. Training is important. Spare parts inventory management is often misunderstood, and many people who become responsible for spare parts have had little or no spare parts-specific education. But over time,
The Foundations Playbook is Now Live
Doing the Hard Things Makes Spare Parts Management Easier
Most organizations try to make spare parts management easier. They simplify approvals. They speed up purchasing. They rely on experience. They trust “what’s worked before.” And in doing so, they make everything harder. Because the things that actually make spare parts management easier are the things most teams avoid. They’re
Why Every Plant Thinks Its Spare Parts Challenges Are Unique (and Why They Aren’t)
Subject Are: Spare Parts Challenges
Survivorship Bias in Spare Part Inventory Management: A False Sense of Security
In the complex world of spare part inventory management, we all know that decision-makers are constantly striving to optimize stock levels, reduce costs, and ensure operational reliability. However, what many don’t realize is that a subtle and dangerous cognitive bias often creeps into these decisions: survivorship bias. This is a
Spare Parts Inventory Management: Small Wins and Compromises
How to Make Better, More Transparent, Inventory Holding Decisions
The reality is that the classic inventory management theory does not provide realistic answers for determining the Reorder Point (ROP) and Reorder Quantity (ROQ) for spare parts inventory. To effectively manage spare parts inventory, it is important to understand why the classic inventory management theory doesn’t work. This will stop
Four Common Techniques to NOT Use With Spare Parts Inventory
An important part of any strategy, including your spare parts inventory management strategy, is to know what not to do. By understanding which inventory management techniques you should not apply to your spare parts management (and why) you might just save your company a bundle of money (and yourself a