Topic Area: Inventory Optimization Software One of the major issues that people face with spare parts inventory management is the need to optimize the inventory. It is because, with this type of inventory, there are just so many different parts, so many different SKUs that you need to review and
Right Sized Inventory Joins the Spare Parts Alliance
Great news! The company Right Sized Inventory has joined the Spare Parts Alliance. Why is this great news? Watch the video to find out. Follow this link to learn more about Right Sized Inventory You might also be interested in this Spare Parts
Adopting a Zero Inventory Mindset
Are you concerned with how much inventory you have in stock? Do you know what is meant by a ‘Zero Inventory Mindset? This article explains three questions to ask and how to apply the Zero Inventory mindset to your inventory. For complimentary access to this article and our entire blog
Spare Parts Management: Who Owns the Problem?
This post, Who Owns the Problem, is from our first ever newsletter. Published in February 2007. It is re-posted in celebration of our 250th edition. Inventory Reduction Identified Recently I worked with an organization to help identify opportunities relating to their indirect inventory. Specific details about the company aren’t important
The Unspoken Problem with Inventory Optimization
Inventory optimization is the most sought-after outcome from spare parts inventory projects. Nobody wants to spend more than they need to or have less stock than they need. That makes sense, after all inventory optimization means that you have the right balance of availability and expense. And that’s all great
Spare Parts Inventory Optimization: A Zero-Sum Game?
The zero-sum view of spare parts inventory optimization comes about by looking only at the effects or outcomes of poor spare parts inventory practices, not the causes. Why is it that when discussions turn to spare parts inventory optimization, maintenance and procurement are cast as natural
The Catch-22 of Spare Parts Inventory Optimization
This kind of circular logic will be very expensive for this company… What stops companies from achieving all that they could with spare parts inventory optimization? Put another way, why do companies continue to waste money buying spare parts they don’t need when the course to prevent this is
Spare Parts Management Certificate Testimonial
The Best Resources I Have Every Studied My career has been spent in Spare Parts, Materials and Warehousing in support of operations and maintenance (O&M). Until now, my knowledge, skill and ability has been largely learnt on the job as well as working alongside some very experienced maintenance people and
Spare Parts Inventory Management – Part 4
Subject Area: Spare Parts Inventory Management – Part 4 The book Spare Parts Inventory Management addresses the entire life cycle of spare parts inventory management – from establishing the system of management through to deciding what to stock, the operations phase, and ultimately obsolescence and disposal. In this short video
Spare Parts Inventory Management – Part 3
Subject Area: Spare Parts Inventory Management – Part 3 The book Spare Parts Inventory Management addresses the entire life cycle of spare parts inventory management – from establishing the system of management through to deciding what to stock, the operations phase, and ultimately obsolescence and disposal. In this short video