Subject Area: Spare Parts Metrics Everyone reading this will have no doubt heard the expression, âwhat gets measured, gets managedâ â or something similar. The original quote is usually attributed to Peter Druckerâs 1954 book âThe Practice of Managementâ. Perhaps more interesting is the somewhat lesser-known full quote:
The #1 Problem with Spare Parts Inventory Metrics
I am sure that you have heard the saying, âwhat gets measured, gets managedâ. 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
The Herd Behaviour of Spare Parts Inventory Metrics
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
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
Spare Parts Inventory Management – Part 2
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
Spare Parts Inventory Management – Part 1
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
Spare Parts Inventory Management – Structure of The Book
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
Stock Turn Illusion and How to Avoid It
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