Special Announcement This month we have added or updated 33 articles and white papers. All titles are available as a PDF download. Here is the list of titles. 1. The Big Lie of Spare Parts Obsolescence 2. Managing Repairable Items 3. Storeroom Management 4. Spare Parts Inventory Optimization 5. Categorizing Spare Parts 6. Spare Parts […]
Peace of Mind and 7 Other Benefits of Gaining a Spare Parts Management Certificate
In my line of work I meet and engage with a lot of different people. Some in person. Some via email. Some via LinkedIn. These people come from all parts of the spare parts management spectrum. Some are just starting out their careers. Some are ‘old timers’ who have been engaged with spare parts management […]
SparePartsKnowHow.com Recognized with 2017 Business Innovator Award
SparePartsKnowHow.com, the leading online training resource for people engaged in spare parts inventory management, has been recognized with a 2017 Business Innovator Award from the UK-based Corporate Vision Magazine. Corporate Vision says of the awards: The 2017 Business Innovator Awards have been designed to celebrate the trailblazers of the corporate sphere, striving ahead of their […]
Don’t Underestimate the Impact of Organizational Misalignment on Spare Parts Management
Every company seeks better results from their spare parts inventory investment. After all this inventory is the life-blood of their maintenance and reliability functions. The problem is that the definition of what any one person thinks constitutes ‘better results’ can vary depending upon their functional focus.
How to Sell Your Obsolete and Excess Spare Parts on eBay
One of the major issues faced by almost everyone that manages spare parts is: what to do with obsolete and excess spare parts inventory? One option is to sell the items for essentially scrap value but this rarely raises more than 5c on the dollar. Recently I met Brian Burns who has worked out how […]
Is It Time to Fire Your Spare Parts Manager?
This is surely not acceptable and yet these companies clearly allow this to happen What if I told you that it is probable that one in two people reading this post work at companies that don’t apply even the most basic principles for managing their spare parts inventory? Would that be surprising? Well, that’s the […]
How to Make Spare Parts Forecasting Work
Spare parts forecasting accuracy is driven by the validity of the premise and the data that is used in the analysis, not the sophistication of the modeling Making predictions is hard, especially if they are about the future! This is a variant of a quote that is attributed to the physicist Niels Bohr, […]
3 Mistakes That You Are Probably Making With Critical Spare Parts Management
Nobody wants to be responsible for not having a critical spare part when it is needed. There are many issues that have the potential to keep spare parts managers awake at night but without doubt, critical spare parts management must be number 1. It is a topic that is raised with me regularly in both […]
The Big Lie of Spare Parts Obsolescence
One of the peculiarities of spare parts inventory management is that, generally, the supply chain is established to operate only one way. What if you had a storeroom full of parts that you didn’t need but also had no way of managing them? No process for identification and removal. This is a situation faced every […]
Use Our Network to Solve Your Problems
You Can’t Solve Today’s (Spare Parts Inventory) Problems with the Same Level of Thinking That Created Them The above quote is a derivation of one of my favourite quotes and one that is typically attributed to Albert Einstein. Over the years, I have seen this quote stated in several different ways and I have even […]
