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How to Select the Right Inventory Optimization Software

January 11 Phillip Slater

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

Filed Under: Inventory Optimization, Spare Parts Alliance Tagged With: inventory optimization, RSI, software, spare parts inventory, video

Right Sized Inventory Joins the Spare Parts Alliance

January 21 Phillip Slater

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

Filed Under: Inventory Optimization Tagged With: inventory optimization

Adopting a Zero Inventory Mindset

October 7 Phillip Slater

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

Filed Under: Inventory Management, Inventory Optimization

Spare Parts Management: Who Owns the Problem?

July 4 Phillip Slater

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

Filed Under: Inventory Optimization

The Unspoken Problem with Inventory Optimization

April 25 Phillip Slater

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

Filed Under: Inventory Optimization

Spare Parts Inventory Optimization: A Zero-Sum Game?

April 26 Phillip Slater

spare parts inventory optimization

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

Filed Under: Inventory Optimization

The Catch-22 of Spare Parts Inventory Optimization

March 29 Phillip Slater

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

Filed Under: Continuous Improvement, Inventory Optimization

Spare Parts Management Certificate Testimonial

January 11 Phillip Slater

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

Filed Under: Best Practice, Continuous Improvement, Implementation, Inventory Management, Inventory Optimization, Metrics and Reporting, Policies and Procedures, Storeroom Management

Spare Parts Inventory Management – Part 4

November 15 Phillip Slater

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

Filed Under: Ask Phill, Best Practice, Continuous Improvement, Implementation, Inventory Management, Inventory Optimization, Metrics and Reporting, Policies and Procedures, Storeroom Management

Spare Parts Inventory Management – Part 3

November 10 Phillip Slater

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

Filed Under: Best Practice, Continuous Improvement, Implementation, Inventory Management, Inventory Optimization, Metrics and Reporting, Policies and Procedures, Storeroom Management

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Recommended Software and Services


Inventory Optimization Software


Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. Read more...

Asset Recovery


NRI Industrial specializes in the management, marketing and sales of surplus industrial assets. They provide solutions to recover value from overstock, surplus and obsolete inventory. Read more... NRI Industrial

Reliability and Maintenance Education


The Reliability & Maintenance Center at the University of Tennessee, Knoxville, provides comprehensive programs of education in reliability and maintenance practice. Read more... RMC

Spare Parts Management Consulting


Phillip Slater, Founder of SparePartsKnowHow.com, spare parts inventory management specialist, consultant, guide, and mentor. Read more... Phillip Slater  

Online Resources, Training, and Support


SparePartsKnowHow.com: The most comprehensive online resource dedicated to spare parts inventory management. Visit the  Welcome page to read more >>> spare parts alliance

Latest Blog Posts

  • Spare Parts Management Decisions: Your Business Profit Relies on Them
  • How to Select the Right Inventory Optimization Software
  • Business and Spare Parts Management Strategy
  • 7 Methods of Asset Recovery Infographic
  • Excess Spare Parts Inventories: a Symptom or the Problem?

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