Subject Area: Artificial Intelligence ChatGPT was released for public access in November 2022 and since then reports and updates have been constantly in the media. Depending on your perspective this has led to either alarm or excitement. In the world of schooling and academia there appears to be alarm, as
Spare Parts Management Habits – Are They Limiting Your Results?
Subject Area: Spare Parts Management Habits
Spare Parts Management Master Class
Please use this form to register for the Spare Parts Management Master Class. In order to cover all time zones at a reasonable time we hold this master class twice each time it is run. You can attend whichever session suits you best. *** Note that registration for the
Work on your Spare Parts Management Process, Not the Results
Subject Area: Spare Parts Management Process
Are You Stuck in the Vicious Cycle of Capital Management?
What is the focus of your spare parts management – capital management or inventory management? Are you stuck in the vicious cycle of capital management with your spare parts inventory? This video discusses the results of a recent poll and the implications of the choices that people
Know When to Quit Spare Parts Initiatives
Subject Area: Know When to Quit Spare Parts Initiatives Quitting is hard. Am I right? I don’t mean quitting smoking (which is hard) or quitting fried food (even harder!). I mean quitting something that you have worked on, even believed in. I am talking about quitting on a project or
Work on Your Spare Parts Management Policies
Subject Area: Spare Parts Management Policies You do not rise to the level of your goals. You fall to the level of your systems James Clear, Atomic Habits The cornerstone of a functional spare parts inventory management system is the development of an appropriate suite of policies. These spare parts
Spare Parts Management is a Team Activity
Subject Area: Spare Parts Management Silos One feature of the modern corporation is the departmentalization of functions. Companies do this to both create operational efficiencies and manage the span of management control. Thus, most organizations will have, among others, an operations group, maintenance department, storeroom and logistics, purchasing and procurement,
Artificial Intelligence Problems
Subject Area: Artificial Intelligence Problems In part one of this series on artificial intelligence I raised the idea that artificial intelligence will not solve your spare parts management problems. In this article I discuss three main artificial intelligence problems. Artificial Intelligence Problem 1 First, how can we
Artificial Intelligence Will Not Solve Your Spare Parts Problems
Subject area: Artificial Intelligence Part 1 What do chat bots, self-driving cars, and predictive maintenance have in common? They each involve the application of artificial intelligence (AI). In recent years the development of AI has become a hot topic. It seems that AI is being talked up everywhere. At every