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Transforming Spare Parts Operations Requires C Level Engagement

February 2 Phillip Slater

Subject Area: Transforming Spare Parts Operations Concerned about the amount of money tied up in your spare parts inventory? Worried that your current approach to transforming spare parts operations doesn’t generate the results you want? Failure to understand the ‘rules’ around spare parts inventory leads to waste in spare parts

Filed Under: Video Tagged With: excess inventory, inventory optimization, inventory reduction, mro, spare parts inventory

37% of Money Spent on Spare Parts Is Wasted

January 25 Phillip Slater

Subject Area: Money Spent on Spare Parts Are you concerned about the amount of money tied up in your spare parts inventory? Would you be surprised to learn that 37% of the money spent on spare parts is wasted? This is true. How do we know this? Years of experience

Filed Under: Video Tagged With: excess inventory, inventory optimization, inventory reduction, mro, spare parts inventory

Spare Parts Management Decisions: Your Business Profit Relies on Them

January 18 Phillip Slater

Subject Area: Spare Parts Management Decisions Do you fully understand the connection between your business’ profit and your spare parts management decisions? How does a decision on spare parts holdings and management flow through to your corporate profit? The reality is that your business profit relies on the day-to-day spare

Filed Under: Video Tagged With: excess inventory, mro, spare parts inventory, spare parts management decisions

Business and Spare Parts Management Strategy

January 11 Phillip Slater

Subject Area: Business and Spare Parts Management Strategy Concerned about the amount of money tied up in your spare parts inventory? Unsure about how your spare parts management fits into achieving your business strategy? The reality is that spare parts management is fundamental to achieving your business strategy. This is

Filed Under: Video Tagged With: inventory optimization, mro, spare parts inventory, spare parts management strategy

Excess Spare Parts Inventories: a Symptom or the Problem?

December 21 Phillip Slater

Subject Area: Excess Spare Parts Inventories Concerned about the excess spare parts inventories that your company has? Do you think that this is the problem that needs to be solved? The reality is that excess inventory is a symptom, not the problem. The ‘problem’ is something else in your spare

Filed Under: Video Tagged With: excess inventory, inventory optimization, mro, spare parts inventory

Slow Moving Spare Parts Inventory: You Will Need to Hold Items That Will Not Move

December 14 Phillip Slater

Subject Area: Slow Moving Spare Parts Inventory Concerned about the number of slowing moving items in your spare parts inventory? Concerned that these are a sign of wasted money and poor inventory management? The reality is that with spare parts inventory you will need to hold items that will not

Filed Under: Video Tagged With: inventory optimization, mro, slow moving, spare parts inventory

Inventory Management Training: Most of What You Learned Does Not Apply to Spare Parts

December 7 Phillip Slater

Subject Area: Inventory Management Training Have you, at some time, participated in inventory management training? Maybe at a conference, seminar, or a formal course? Have you noticed that applying inventory management training theory and techniques hasn’t helped you get the results you need with your spare parts inventory? This video

Filed Under: Video Tagged With: inventory optimization, spare parts inventory, video

Spare Parts Inventory Costs are Avoidable

November 23 Phillip Slater

Subject Area: Spare Parts Inventory Costs Concerned about the amount of money tied up in your spare parts inventory? Worried that there is no other way to manage this inventory type? Failure to understand the ‘rules’ around spare parts inventory leads to waste in spare parts inventory costs that are

Filed Under: Video Tagged With: mro, spare parts inventory

Spare Parts Inventory Characteristics

November 9 Phillip Slater

Spare Parts Inventory Characteristics

Subject Area: Spare Parts Inventory Characteristics Do you manage spare parts inventory? Are you aware that spare parts inventory has specific characteristics that differentiate it from other inventory types?     This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must

Filed Under: Inventory Management, Video Tagged With: inventory optimization, mro, spare parts inventory, video

The MRO Procurement Complexity Trap

October 19 Phillip Slater

Subject Area: MRO Procurement Complexity Do you wonder why MRO is such a hard category for procurement management? Do you find that your company constantly goes through cycles of adding and reducing MRO procurement resources? When companies manage indirect and MRO procurement in the same way that they manage direct

Filed Under: Video Tagged With: mro, procurement, video

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Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. Read more... 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 The Reliability & Maintenance Center at the University of Tennessee, Knoxville, provides comprehensive programs of education in reliability and maintenance practice. Read more... RMC Phillip Slater, Founder of SparePartsKnowHow.com, spare parts inventory management specialist, consultant, guide, and mentor. Read more... Phillip Slater 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

  • The Right Optimization Software is One That is Actually Applied
  • Optimization Software Must Be Trusted by the Whole Team
  • Optimization Software Selection is Not Trivial
  • Transforming Spare Parts Operations Requires C Level Engagement
  • Our Thoughts on True Optimization™

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