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Using Spare Parts Metrics to Tell a Story

May 16 Phillip Slater

Spare parts metrics

Subject Area: Spare Parts Metrics Everyone reading this will have no doubt heard the expression, ā€œwhat gets measured, gets managedā€ – or something similar. The original quote is usually attributed to Peter Drucker’s 1954 book ā€˜The Practice of Management’. Perhaps more interesting is the somewhat lesser-known full quote:    

Filed Under: Metrics and Reporting Tagged With: mro, spare parts inventory, spare parts management decisions

The #1 Problem with Spare Parts Inventory Metrics

May 7 spkhadmin

I am sure that you have heard the saying, ā€˜what gets measured, gets managed’. Essentially this tells us that people will focus on the things that are reported. This measurement should provide the feedback loop required to know if you are on track to reach your targets and

Filed Under: Metrics and Reporting

The Herd Behaviour of Spare Parts Inventory Metrics

February 21 spkhadmin

For access to this post, and all of our content, join using the button below. If you are already registered then you need to log-in.     Often, I am asked about spare parts inventory management metrics. This is not surprising as we all know that, in the words

Filed Under: Metrics and Reporting, Policies and Procedures

Spare Parts Management Certificate Testimonial

January 11 spkhadmin

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).Ā  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 spkhadmin

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 spkhadmin

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

Spare Parts Inventory Management – Part 2

November 8 spkhadmin

spare parts inventory management

Subject Area: 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

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

Spare Parts Inventory Management – Part 1

November 3 spkhadmin

Subject Area: 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

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

Spare Parts Inventory Management – Structure of The Book

October 31 spkhadmin

Subject Area: Spare Parts Inventory Management – Structure of The Book 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

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

Stock Turn Illusion and How to Avoid It

October 19 spkhadmin

What if the metric that you rely on doesn’t actually tell you what you think it does? In this 2-Minute Tutorial Phillip Slater discusses the Stock Turn Illusion and how some companies misinterpret this important spare parts inventory management measure. Phillip Slater is a Spare Parts Management Specialist with 35

Filed Under: Metrics and Reporting

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  • Inventory Reduction Metric – A Warning
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