Guest Blog Post: How to Tell That You Don’t Really Have an Inventory Planning and Forecasting Policy Without an appropriate Inventory Planning and Forecasting Policy you can’t properly manage your inventory levels, let alone optimize them. If you don’t have a handle on exactly how demand forecasts and stocking parameters (such as Min/Max, safety […]
How to Tell That You Don’t Really Have an Inventory Planning and Forecasting Policy
Gregory Hartunian, CEO, Smart Software Without an appropriate Inventory Planning and Forecasting Policy you can’t properly manage your inventory levels, let alone optimize them. If you don’t have a handle on exactly how demand forecasts and stocking parameters (such as Min/Max, safety stocks, and reorder points, and order quantities) are determined then you don’t […]
August 2018 Update: Skills Gap, Training, and Vending Machines
1.Skills Gap Analysis and New Storeroom Management Training Course There are two issues that are raised with us on a regular basis. People are concerned about the skills of their teams at a storeroom level. That is, the people who run their storerooms on a day-to-day basis. While we provide lots of information on […]
SparePartsKnowHow.com July 2018 Update – Certificate, Conference & Software
University Certificate in Spare Parts Inventory Management We have now updated the information on the award of Continuing Education Units (CEUs) and Continuing Professional Development (CPD) hours. In addition to achieving a Kansas University Certificate, people who complete this program will be able to claim CEUs and, depending on which professional body you are a […]
University Certificate in Spare Parts Inventory Management
The University of Kansas and Phillip Slater have joined forces to create a University Certificate in Spare Parts Inventory Management. This ten-week online course will help participants to develop the expertise, skills, policies, and systems to minimize their spare parts investment and maximize their spare parts availability. Based upon instructor Phillip Slater’s book, Spare Parts […]
Webinar: 8 Reasons Why Spare Parts Inventory Management is Different
This free webinar is presented in association with the University of Kansas. Here is the summary: Many conventions of spare parts inventory management are different from those of the usual supply chain and inventory management. The classic supply chain theory (and most training) is based on what can be called a “retail model,” the model […]
Best Practice for Spare Parts Management
Please Join Our Best Practice Webinar with Phillip Slater What constitutes best practice? How do you know if what you do, or are advised to do, will make you a leader in the field, or even make any difference at all? What are the few things that you should focus on to get the […]
How to Stop Wasting Time and Energy with Spare Parts Inventory Management Training
My Experience with Search-Engine-Based Self-Directed Training – And Why It Sucks Today I am going to let you in on a secret. OK, maybe not a secret but something that most people don’t know. A few months ago, I started taking piano lessons. Why piano? That’s a story for another day. What’s more important is: […]
The #1 Problem with Spare Parts Inventory Metrics
I am sure that you have heard the saying, ‘what gets measured, gets managed’. Essentially this tells us that people will focus on the things that are reported. This measurement should provide the feedback loop required to know if you are on track to reach your targets and whether any adjustments are helping or hindering. […]
The Unspoken Problem with Inventory Optimization
Inventory optimization is the most sought-after outcome from spare parts inventory projects. Nobody wants to spend more than they need to or have less stock than they need. That makes sense, after all inventory optimization means that you have the right balance of availability and expense. And that’s all great in theory. The real-world difficulty […]
