Subject Area: spare parts management mistakes Spare parts management is a crucial aspect of any organization that relies on machinery or equipment to operate. However, many organizations make mistakes when managing their spare parts inventory, which lead to increased costs, reduced efficiency, and even unnecessary downtime. In this article, I
Will Artificial Intelligence End My Career?
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
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
Why 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
AI Generated Article on Spare Parts Management
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
Inventory Sharing Solution
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