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 more of our content, join using the button

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 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

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.

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 example, your maintenance and reliability team will know better than anyone the

Is the forecasting of spare parts requirements hard, especially intermittent parts? Is your demand for parts based on random failure? These issues lead to forecasts that don’t achieve their goal. Having the past you need, when you need them. In this short video Phillip Slater explains what works – and

Does your company spend money (working capital) on spare parts inventory that you don’t actually need? Do you end up holding them for a long time before deciding to remove those parts and incur the cost of the obsolescence? Perhaps a better idea would be to not buy those parts

This management of spare parts inventory video explains why the effective and efficient management of spare parts relies on the input from people from a whole range of different functions from within the organization. Working together is essential for spare parts management success. Phillip explains in this short video. Working

One of the enduring debates around spare parts management is to do with spare parts standardization. That is, if we standardize our plant and equipment, we would then be able to hold a standardized set of spare parts? In this short video Phillip Slater explains the pros and cons of

Improvements in your maintenance practices will not solve your spare parts management problems. If you don’t have your act together in terms of your spare parts decision making then you’re not going to get the outcomes that you need. In this short video, Phillip Slater explains why. Maintenance Will Not