Storeroom management is one of the key functions associated with spare parts inventory. To be effective you need to pay attention to the 3 As of storeroom management. This short video discusses each of those in turn. The video and transcript are available to members and subscribers only. For complimentary

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

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. The video and transcript are available to

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

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. This video and transcript is available to members and subscribers only.

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

Forecasting spare parts can be hard, especially intermittent parts. Often the demand for parts is based on random failure. In this short video Phillip Slater explains what works – and what doesn’t! The video and transcript is available to members and subscribers only. For complimentary access to this video and

Companies spend money (working capital) on spare parts inventory that they don’t actually need. They end up holding them for a long time before deciding to remove those parts and incur the cost of the obsolescence. Perhaps a better idea would be to not buy those parts in the first

The effective and efficient management of spare parts inventory relies on the input from people from a whole range of different functions from within the organization. Working together is essential for spare parts management success. Phillip explains in this short video. The transcript of this video is available to members