Subject Area: Spare Parts Inventory Characteristics Do you manage spare parts inventory? Are you aware that spare parts inventory has specific characteristics that differentiate it from other inventory types? This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must
Spare Parts: Do You Want a Better Number?
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
Coronavirus and Your Spare Parts Supply Chain – What You Should Do Right Now
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
Spare Parts Management Education: Are You a Goldfish?
Subject Area: Spare Parts Management Education How would you know if your spare parts management system was sub-optimal? If your ERP system is fit for purpose, why do you still not get the results you want? This article explains why sub-optimal spare parts management systems are most likely a failure
Book Sale at Industrial Press
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
Questioning the Purpose of Holding Spare Parts Inventory
What is the purpose of holding spare parts inventory? Do you question the purpose of holding parts BEFORE they are purchased? This article explains four likely responses to the question: for what purpose? For complimentary access to this article and our entire blog archive, register using the
Management of Spare Parts: Are you Using the Right Set of Rules?
Do you really understand the ‘rules’ of spare parts inventory management? Does it matter if you do or don’t? This article explains why it does. 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
Materials Master Data Maturity in the Era of Industry 4.0
This content has been removed However, you might be interested in this article, Management of Spare Parts: Are You Playing by the Right Rules.
Adopting a Zero Inventory Mindset
Are you concerned with how much inventory you have in stock? Do you know what is meant by a ‘Zero Inventory Mindset? This article explains three questions to ask and how to apply the Zero Inventory mindset to your inventory. For complimentary access to this article and our entire blog
Four Ways That Spare Parts Management Silos Prevent Performance
Does your company operate with clear management silos? Do you understand how this requires special management attention in order be successful? Your spare parts management silos will have a big impact on your overall performance. For complimentary access to this article and our entire Basic Level content, register using the