We Don’t Live in an Idealized World In an idealized world there would be instant inventory replenishment and zero inventory. Instant replenishment would mean that whenever an item is needed it would be instantly available. Companies would hold no stock because they could get delivery in the required quantity, in
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
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 Phillip Slater explains Part 4 of the book –
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 Phillip Slater explains Part 3 of the book –
Spare Parts Inventory Management – Part 2
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 Phillip Slater explains Part 2 of the book –
Spare Parts Inventory Management – Part 1
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 Phillip Slater explains Part 1 of the book –