Spare Parts Know How

Spare Parts Inventory Management Training

  • Log-In
  • Individual Training
    • ‘Must Know’ Training
    • Advanced Course
    • Pro Level Membership
    • Masterclass Webinar
    • RMIC Certification
  • Team Training
    • Team Boot Camp
    • Elite Teams
    • In-Person Workshop
  • Software and Services
    • Inventory Optimization Decision Support
    • Materials Data Management
  • Resources
    • Recommended Books
    • Digital Library
    • Blog Posts
    • Spare Parts Training Academy
  • Contact
  • About
    • Clients
    • Testimonials
    • FAQs
    • Phillip Slater

Why A Critical Machine Part is NOT the Same as a Critical Spare Part

February 7 Phillip Slater

critical spare partBefore deciding how many of an item should be stocked, the first question to ask is: should the item stocked at all?

One of the issues with managing spare parts inventory, used for operations and maintenance support is that deciding what to stock can often be an emotional rather than a rational decision.

This is because the decision is often left to the perception of an individual who uses little or no data and who decides on a ‘just in case’ basis.

This ‘emotional’ decision making is particularly prevalent when it comes to determining spare parts criticality.

One of the key causes of incorrect criticality assessment of spare parts is a failure to recognize that a spare part that is critical to the operation of a machine, or a part of a machine, is not necessarily a spare part that must be held in inventory.

The difference is that the criticality of a machine part is based only on the need of that part by the machine in question but the criticality of a spare part in inventory also relies on the supply of the part and whether it can be supplied within the planning horizon.

This means that determining a spare part’s criticality MUST include an assessment of the failure modes for that part. Then, you need to understand if the failure can be predicted (e.g wear out) and if the part can be sourced before it is actually needed.

If condition monitoring can help identify potential failure, and if the part can be sourced before that failure occurs, then there is no need to hold the spare part as inventory.

This is why a critical machine part is not the same as a critical spare part.


If you found this valuable and you want to dive deeper into this topic, our ‘Must Know’ spare parts management course is now open.

The goal of this course is to teach you the absolute ‘must know’ information, tools, and techniques required for effective spare parts management.

These are simple, effective, step-by-step strategies and tools to help you make better decisions and generate improvements in spare parts management.

This course provides the fundamental know-how for people who are engaged in spare parts inventory management on a day-to-day basis.

You can read more and enroll for the course HERE.


 
 
Posted by Phillip Slater

Filed Under: Inventory Management

Spare Parts Management Masterclass

Watch this on-demand webinar to discover the 8 strategies that will help you achieve your spare parts inventory management goals
Read more...

‘Must Know’ Training

Our ‘Must Know’ training course teaches the absolute ‘must know’ information, tools, techniques required for effective spare parts management.

Read more...

Advanced Spare Parts Management Course

For those who need to go deeper and broader.

Ideal if your goal is to update your company’s approach and systems for spare parts management.
Read more...

Pro Level Membership

With access to all our key resources, a Pro Level membership will equip you with the know-how and skills to become a ‘thought leader’ in spare parts inventory management.
Read more...

Online Boot Camp

A live, online, interactive, team-based delivery of our Basic Training course designed to provide your team with a common understanding of the basics of spare parts inventory management. Read more...

Software and Services

At SparePartsKnowHow.com we can help with more than just spare parts management training.

We also have access to software and services that are developed to help with spare parts inventory management.
Read more...

Latest Blog Posts

  • Spare Parts Management Training: The Power of Curiosity and Commitment
  • Spare Parts Inventory Management: Small Wins and Compromises
  • Spare Parts Inventory Management Training: Letting Go of Ego
  • Black Friday/Cyber Monday Sale – Buy One, Get One Free!
  • Spare Parts Inventory Management Workshops
  • Email
  • LinkedIn
  • YouTube
Copyright © 2025 IPIAIGHT PTY LTD.