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
  • Open Archive
  • Tools & Resources
    • Course Selection Tool
    • Obsolescence Risk Calculator
    • Criticality Assessment Tool
    • Books
    • Pro Level Library
    • Training Academy
    • Software and Services
      • Inventory Optimization Decision Support
      • Materials Data Management
  • Contact
  • About
    • Clients
    • Testimonials
    • FAQs
    • Phillip Slater

Eliminating Spare Parts Stock Outs

June 9 spkhadmin

stock outOne of the main fears of most reliability and maintenance engineers is that, at the time of actual need, the required spare part will not be available.

This is commonly referred to as a stock out.

Thus the goal of many reliability and maintenance engineers is to eliminate spare parts stock outs and remove this influence on total downtime.

So how do you eliminate all stock outs?

The short answer is that you can’t do this without tying up massive amounts of money that would be better used elsewhere.

Even then, I am not sure that you could guarantee eliminating all stock outs.

This would possibly require holding multiple units of every part in your plant. That’s not viable. That’s the truth.

What you can do is accept stock outs in areas where they have little or no impact or where a viable supply alternative exists.

Then work to eliminate stock outs for items that really matter.

To achieve this you need a considered evaluation and analysis of the likely demand, the data on hand, and the factors that influence these two.

Of course we cannot predict all failures, so there is no certainty.

However, by being disciplined in your review of the items that matter, and accepting stock outs for those that don’t, you will achieve far better service levels from your spare parts inventories.
 
 
 
 


For information on our Pro Level membership please visit our Pro Level page.


 
 
 
Posted by: Phillip Slater
 

Filed Under: Storeroom Management

Substantial Global Community

Trusted by:
+20,000 professionals in
+130 countries
See a sample of companies HERE

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

  • Systems Over Goals: A Smarter Way to Manage Spare Parts Inventory
  • 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
  • Best Practice Spare Parts Management
  • Email
  • LinkedIn
  • YouTube
Copyright © 2025 IPIAIGHT PTY LTD.