The SAP Safety Stock Definition and Your ERP What would you say if you found out that your company software systematically encouraged you to overstock your spare parts inventory? Crazy idea right? After all isn’t the software supposed to help you to get it right? Well, this is the exact
How Your ERP Software May Lead to Overstocked Inventory (Video)
Subject Area: Overstocked Inventory Avoiding a Pitfall that Leads to Overstock Inventory In this 2 Minute Tutorial, Phillip Slater, warns of a potential pitfall with the use of ERP software to determine the spare parts ReOrder Point (ROP). Without proper knowledge of spare parts inventory management it is possible that
Spare Parts Management Collaboration Vs Cooperation
Subject Area: Spare Parts Management Collaboration Collaboration Vs Cooperation Over the past few years there has been a growing awareness that effective and efficient spare parts management requires the input of people from a number of different departments. Engineering spare parts inventories are influenced by engineering, maintenance, planners, stores/warehouse, finance,
Smart Spare Parts Management
Translate the Supply Chain General to the Smart Spare Parts Management Specific Recently I attended the Smart Supply Chain and Logistics Conference in Melbourne Australia. This is usually referred to as the Smart Conference. Now you may be asking yourself, ‘what has a conference dealing with distribution centers, warehouse automation,
The Two Big Secrets of Spare Parts Management
Learn About the Impact on Your Spare Parts Inventory In this 2 Minute Tutorial Phillip Slater discusses the two big secrets of spare parts management, the impact these secrets have on your spare parts inventory and how awareness of these secrets will help you make better spare parts management decisions.
Spare Parts Management Process is Complex But Is It Complicated?
‘Getting It Right’ With Spare Parts Management Achieving best practice spare parts management process involves the input of many different people and/or departments in an organization. To ‘get it right’ with spare parts for maintenance and operational support you need input from the storeroom (or warehouse), procurement, maintenance, planning, finance,
Three Reasons Why You Have Obsolete Spare Parts Inventory
In this 2 Minute Tutorial Phillip Slater identifies the three reasons that companies have obsolete spare parts inventory. By understanding these issues you can take the first steps to limiting and even eliminating obsolete spare parts inventory! Run time: 2:38 For information on our Pro
The Two Reasons Why You Hold Spare Parts Inventory
In this Two Minute Tutorial Phillip Slater discusses the only two reasons why you (or anyone) holds spare parts inventory. The first reason is when you can’t access supply within your planning horizon. For example, if you have a need for a spare part that is critical to your operations and the
Spare Parts Inventory Management Secrets
Subject Area: Spare Parts Inventory Management Secrets The Reality of Spare Parts Inventory Management One of the little acknowledged issues with spare parts inventory management is that for many companies they really don’t know what they have and/or why they have it. How can that be you ask. Don’t
Obsolete Inventory Management – Three Ways to Deal With It
Inventory Doesn’t Just Appear! Have you heard the expression about ‘shutting the gate, when the horse has bolted’? It refers to trying to stop something happening when it has already happened. Seems like a silly thing to do, right? But this