Have your spare parts inventory management systems developed over time?
Was that by design or ad hoc?
Without proper design your systems will lack consistency, audit-ability, and certainty.
Watch the video to find out why.
How to Bring Certainty to Spare Parts Inventory Management Systems
Video Transcript
Hi, my name is Phillip Slater and for the next couple of minutes I’d just like to give you something to think about.
Whether you realize it or not, you do have in place a spare parts inventory management system.
That is, a methodology or a process by which you manage your spare parts inventory.
Now in far too many companies that system is effectively just ad hoc.
You have effectively decided to just let whoever is in charge of the process at the time decide what to do. They’ll make the decisions. They might use a spreadsheet. They’ll just decide their own process for that management. Nothing will be written down.
See here is the thing, your spare parts inventory management systems either evolve randomly, or they’re consciously developed.
So if you allow your systems to evolve randomly, what you have is a system that lacks consistency, that lacks audit-ability, and that lacks certainty.
Because you can’t be certain what’s going to be happening today, tomorrow, next week, next year. You don’t know what’s happened last year or the year before. It all just depended on how someone felt on the day.
If you want to avoid that, you need to be sure that your systems are developed consciously that they’re documented, that they’re auditable, and that from that they’ll bring you some certainty.
That is just something to think about. My name is Phillip Slater.
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Posted by: Phillip Slater