For most asset-intensive companies, spare parts are not much thought about at all when in ample supply but become the number one focus for survival when not available. Unfortunately, many companies still view spare parts management as a low-level operational task. As a result, these companies: Waste millions of dollars
6 Common Mistakes Spare Parts Managers Make
Subject Area: 6 Common Mistakes Spare Parts Managers Make Spare parts managers are perfect, right? If only that were true. Over the years I have met and worked with literally thousands of people engaged in spare parts inventory management. Repeatedly I see the same mistakes made over and over again.
A Specific Multi-National Company (MNC) Problem: A Team Approach to Spare Parts Inventory Management
Subject Area: A Team Approach to Spare Parts Inventory Management Most of my career has been spent working with multi-national companies (MNCs). Sometimes these companies have operations in just a couple of countries. Sometimes they have hundreds of locations around the world. One thing they usually have in common is
How to Select the Right Vendor for the Services That You Need
Recently I presented a webinar that addressed the pros and cons of outsourcing the procurement of MRO. What we didn’t address was the issue of selecting the right provider. This issue doesn’t just impact procurement outsourcing but ANY provider of services. Here are links to two articles that address how
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
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 access to this post, and all of our content, join using the button
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. The management of spare parts is no different to any other management activity: to be successful it is important that you understand the
The Spare Parts Management Planning Horizon
The spare parts management planning horizon is the time between when you know that you’re going to need the part and when you can get the part available for use. In this short video Phillip Slater explains. The Spare Parts Management Planning Horizon Video Transcript Hi, my name is Phillip
The High Cost of Free Parts (Video)
Does your company buy spare parts as part of new capital equipment purchases? Are these then treated as ‘free spare parts’ when used by your team?. There are some very real consequences from how we treat those so-called ‘free’ parts. It’s just that sometimes they’re not so obvious to us.
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 access to this post, and all of our content, join using the button below.