Do you know the characteristics that differentiate direct and indirect procurement? Direct procurement is characterized by high volumes, regular purchases, and a small number of suppliers. Indirect procurement, and MRO in particular, is characterized by low volumes, irregular purchases, a large number of different items, and a large number of
Increase Supply Chain Reliability by 16%
How can process improvement increase supply chain reliability by 16% – even in the time of COVID-19? This video from our alliance partner, V-LINE EUROPE GmbH, covers COVID-19 supply chain disruptions in both Europe and the USA – including mode of transport and freight issues. It then explains
The Spare Parts Management Planning Horizon (video)
The spare parts management planning horizon is the time between when you know that you’re going to need the part and when you can get the part available for use. In this short video Phillip Slater explains. For complimentary access to this article and our entire blog archive, register using
Identifying Critical Spare Parts (Video)
Identifying Critical Spare Parts: One of the key causes of incorrect critical spare parts assessment is the assumption that just because a part is critical for the equipment that it is also to be classified as a critical spare part for the storeroom. In this short video Phillip Slater explains
Storeroom Management: The 3 As For Effective Management (Video)
For complimentary access to this article and our entire blog archive, register using the button below. We will also keep you up-to-date on new content and courses. If you are already registered then you need to log-in. Storeroom management is one of the key functions associated with
Last Time Buy and Spare Parts Management (Video)
With all spare parts, at some point, you will have to make a decision about your last time buy. This need comes about in several different ways but the decision is still the same: What will be the final quantity of that part that you are going to purchase? Phillip
The Problem with Spare Parts Inventory Optimization (Video)
What is the problem with spare parts inventory optimization? Yes, spare parts inventory optimization is terrific. It helps companies adjust their stock holding levels, reduce their working capital and reduce their procurement costs. However, there is a problem – as Phillip Slater explains. For complimentary access to this article and
Inventory Optimization is Multi-Factorial (Video)
The issue with inventory optimization is that it is multifactorial. That means it relies on a whole range of different factors in order to be truly effective. If you focus solely on one single criterion, one of those factors, then you are likely to be missing out on big opportunities
The High Cost of Free Parts (Video)
Spare parts bought as part of a new capital equipment deal seem like free spare parts. But there are consequences from how we treat those parts. It’s just that sometimes they’re not so obvious to us. Phillip Slater explains. For complimentary access to this article and our entire blog archive,
Mastering Spare Parts Management Meetings – Part 2
Mastering Spare Parts Management Meetings is a two-part video series developed from a presentation and interview with Joel Levitt. Introduction It is a fact of life that spare parts management meetings are required for both planning and decision-making. Why are spare parts management meetings so important? Without meetings and the