Do you need to manage notable and repairable spares? Is balancing the reality of high downtime costs with the repair and replace costs resulting in sub-optimal outcomes? This article discusses the different types of rotable and repairable spares and identifies the three documents needed to make better repair/replace decisions. For

This article covers: The definitions of Min, Max, ROP, and ROQ Why the differences are meaningful and important The pros and cons of using each Why you need to get this right Links to further reading For access to this post, and all of our content, join using the button

The problem is that people see spare parts inventory only as engineering components and so think that their inventory decisions are engineering decisions Imagine walking into a storeroom or warehouse and finding the shelves stacked high with cash. Ten thousand dollars on one shelf, two thousand on another. A storage

Spare parts forecasting accuracy is driven by the validity of the premise and the data that is used in the analysis, not the sophistication of the modeling     Making predictions is hard, especially if they are about the future!             For access to this

One of the peculiarities of spare parts inventory management is that, generally, the supply chain is established to operate only one way.     What if you had a storeroom full of parts that you didn’t need but also had no way of managing them? No process for identification and

The information and know-how required to effectively manage a company’s spare parts operations does not reside in just one function 7. Transforming Your Spare Parts Operations Requires C-Level Engagement, Not Just Support   If you have read the preceding six parts to this series the reason why transformation requires C-level