There is no doubt that the advent of the internet has delivered incredible productivity and efficiency improvements for businesses worldwide. Improved communications, fast data transfers, and reduced travel through the use of video conferencing are just a few of the benefits that have been widely realized. In addition we have
The Inventory Cash Release® Process
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] Over the years this blog has explored many aspects of spare parts inventory management and usually there is a little feedback on each article. But when I recently mentioned in one article the 7 Actions for Inventory Reduction the response was unprecedented. Apparently many readers hadn’t heard of this approach
Spare Parts Inventory Management Identifying What Works
Subject Area: Spare Parts Inventory Management Identifying What Works I am a lover of Italian food – especially pasta. What I particularly like about pasta is the almost endless variety of forms that the pasta can take. Essentially you can use the same base ingredients to create many different types
Three Problems with Big Data and Spare Parts Inventory Management
Big data is the buzz term of the moment – including big data and spare parts inventory management. For the un-initiated ‘big data’ refers to the collection of huge amounts of data, held in large and complex databases. The buzz around big data is that it is said to enable
Spare Parts Management eBook
Subject Area: Spare Parts Management eBook The Problem with Spare Parts Management at Large Companies Managing spare parts at a large company presents a unique set of challenges and problems. It is only by ensuring continuous and wide-spread access to information and training that is credible, reliable, and
A New, Simple ReOrder Point Calculator
One question that people ask me regularly is: how do we access a simple reorder point calculator for the ROP for spare parts when our data is inadequate or unreliable? Well, now we have a way to do just that! For access to this post, and all of our content,
Why Spare Parts are Different to Other Inventory Types
In October 2012 Phillip Slater was interviewed by Dustin Mattison for the Kinaxis Supply Chain Expert website. In this interview Phillip discusses why spare parts are different to other inventory types and what this means for those that manage spare parts inventory. For access to this post, and all of
Obsolete Inventory: Your Risk is Greater Than You Think
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. I am sure that you know that risk management is a key aspect of any mature spare parts management process and this
Excess Inventory: The Real Cost of NOT Reviewing Your Inventory
Excess inventory: What is the real cost of not reviewing your inventory management processes? That’s right I said the cost of NOT reviewing your inventory. Usually when people (me included) raise the topic of the cost of inventory we talk about the financing and management costs of holding inventory. However,
Why Your Inventory Management Software Gives You The Wrong Answer
Many of my clients get quite frustrated with their inventory management software – especially the type of software that they use to calculate ‘optimal’ holding levels. What they tell me is that they typically and frequently get from their software crazy numbers that just don’t make sense. In fact, it