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  Early bird access to our ‘Must Know’ spare parts management training short course opens for new registrations on 16 September 2024!   This course is the fastest way to learn spare parts management – guaranteed. Our ‘Must Know’ training short course teaches the absolute ‘must know’ information, tools, and techniques required for effective spare […]

How do you determine exactly what constitutes best practice with spare parts inventory management? One problem with ‘best practice’ is that while it may be possible to define a ‘best practice’ for almost everything that you do, implementing these practices may not actually make any difference to your overall results. Another problem is that discussions […]

The reality is that the classic inventory management theory does not provide realistic answers for determining the Reorder Point (ROP) and Reorder Quantity (ROQ) for spare parts inventory. To effectively manage spare parts inventory, it is important to understand why the classic theory doesn’t work. This will stop you from the temptation of doing ‘what […]

Before 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 […]

An important part of any strategy, including your spare parts inventory management strategy, is to know what not to do. By understanding which inventory management techniques you should not apply to your spare parts management (and why) you might just save your company a bundle of money (and yourself a lot of heartache). Spare parts […]

Subject area: spare parts training Online training has been evolving for some years now. And of course, the pandemic years led to a change in attitude to both remote working and remote training. However, in 2023 we experienced a change that might just be the latest trend in spare parts training. This is what I […]

Subject area: Spare Parts Management Procurement Procurement plays a crucial role in spare parts inventory management, ensuring the availability of parts while minimizing costs and waste. By effectively sourcing, negotiating, and managing the supply of spare parts, procurement services contribute to streamlining inventory, enhancing decision-making, and reducing costs. However, achieving these outcomes requires an alignment […]

The Big Picture of Spare Parts Management   Spare parts inventory management is crucial for any organization that relies on equipment to operate. It might help to think of the inventory of spare parts as a form of insurance policy that mitigates the risks of losses largely due to production interruptions but also safety incidents […]