Do you know the true cost of managing indirect procurement vs. the cost of managing direct materials procurement? In this short video from the Something to Think About series, Phillip Slater explains the true cost of managing indirect procurement. For access to this post, and all of our content, join
Spare Parts Inventory Webinar: 7 Things Every Senior Manager Must Know
For most asset-intensive companies, spare parts are not much thought about at all when in ample supply but become the number one focus for survival when not available. Unfortunately, many companies still view spare parts management as a low-level operational task. As a result, these companies: Waste millions of dollars
Defining Best Practice Spare Parts Management
What is the best approach for defining best practice for spare parts management? We use a Stages of Excellence tool. This tool defines four levels of practice across 25 different aspects of spare parts management. Phillip Slater explains in this short video. For access to this post, and all of
Spare Parts Management Best Practice Video
This spare parts management best practice video explains why most companies cannot achieve best practice in this area. In this short video Phillip Slater explains the constraints that limit the ability of companies in achieving their best practices goals. And then explains the four steps that companies must take to
Webinar: Procurement Outsourcing of Indirect Materials
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
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 access to this post, and all of our content, join using the
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 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. Storeroom management is one of the key functions associated with spare parts inventory. To be effective you need to pay attention to
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)
Do you know what the problem is 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 in this short video.