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How To Measure Qualitative Spare Parts Management Improvements

August 8 spkhadmin

Subject Area: Qualitative Spare Parts Management Improvements

spare parts forecastingEverybody loves hard data. 

We measure and report  all sorts of things: sales, costs, profit, loss, headcounts, inventory values, production volumes, expenses, vacation time, sick leave, stock turns, purchase volumes, operating effectiveness, debtors, creditors, weeks of stock on hand, asset values, revenue, equity, cash on hand, plant utilization, downtime, uptime, scrap generated, environmental emissions,  cash flow, capital expenditure, return on investment, share price, depreciation. 

The list seems almost endless.

All of the above (and I am sure that there are many more measures) are outcomes, they are the measurable effects of our actions. 

And that is a major problem.

You see being an outcome we can’t measure the result until after the event.


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Posted by: Phillip Slater
 

 
 

Filed Under: Continuous Improvement, Metrics and Reporting

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