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    • Phillip Slater

Know When to Quit Spare Parts Initiatives

January 12 Phillip Slater

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

Filed Under: Inventory Management

Why Spare Parts Management is a Team Activity

January 12 Phillip Slater

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,

Filed Under: Inventory Management

Artificial Intelligence Problems

October 8 Phillip Slater

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

Filed Under: Inventory Management

Artificial Intelligence Will Not Solve Your Spare Parts Problems

September 8 Phillip Slater

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

Filed Under: Inventory Management

AI Generated Article on Spare Parts Management

May 1 Phillip Slater

The following content was generated using Perplexity AI and is posted here as an exhibit for the main article discussing AI and spare parts management. Click here to go to the main article. My query was, ‘Write 500 words on spare parts management‘ Here’s is what was

Filed Under: Inventory Management

Inventory Sharing Solution

April 4 Phillip Slater

Subject Area: Inventory Sharing Solution For those of you that manage spare parts inventory across multiple sites, how often have you had one site purchase a new spare when another site has an excess quantity of the same item on the shelf? What about experiencing extended downtime waiting on a

Filed Under: Inventory Management

Transforming Spare Parts Operations Requires C Level Engagement

February 2 Phillip Slater

Subject Area: Transforming Spare Parts Operations Concerned about the amount of money tied up in your spare parts inventory? Worried that your current approach to transforming spare parts operations doesn’t generate the results you want? Failure to understand the ‘rules’ around spare parts inventory leads to waste in spare parts

Filed Under: Inventory Management

37% of Money Spent on Spare Parts Is Wasted

January 25 Phillip Slater

Subject Area: Money Spent on Spare Parts Are you concerned about the amount of money tied up in your spare parts inventory? Would you be surprised to learn that 37% of the money spent on spare parts is wasted? This is true. How do we know this? Years of experience

Filed Under: Inventory Management

Spare Parts Management Decisions: Your Business Profit Relies on Them

January 18 Phillip Slater

Subject Area: Spare Parts Management Decisions Do you fully understand the connection between your business’ profit and your spare parts management decisions? How does a decision on spare parts holdings and management flow through to your corporate profit? The reality is that your business profit relies on the day-to-day spare

Filed Under: Inventory Management

Business Strategy and Spare Parts Management

January 11 Phillip Slater

Subject Area: Business and Spare Parts Management Strategy Concerned about the amount of money tied up in your spare parts inventory? Unsure about how your spare parts management fits into achieving your business strategy? The reality is that spare parts management is fundamental to achieving your business strategy. This is

Filed Under: Inventory Management

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Our ‘Must Know’ training course teaches the absolute ‘must know’ information, tools, techniques required for effective spare parts management.

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Ideal if your goal is to update your company’s approach and systems for spare parts management.
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We also have access to software and services that are developed to help with spare parts inventory management.
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