Despite the Costs, Companies Routinely Accept Sub Standard Results There are some statements we can make about spare parts inventory management with absolute certainty. One is that: the need for companies to apply at least ‘good practice’ inventory management is self-evident. Self-evident because of the cost of purchasing the inventory. Spending money […]
Order Picking and Routing Strategy – Why Does it Matter?
Warehousing and storerooms are at the center of spare parts inventory management. Whatever the reason that a company needs to hold spare parts as inventory, they need to hold them somewhere and in an organized manner. Depending on the industry, this space may be referred to as the warehouse, storeroom, storehouse, store, stockroom, or crib. […]
More Content, More Courses, More Choices, and More Know-How
SparePartsKnowHow.com has undergone its most revolutionary innovation since its inception. Now your access to online training is more flexible than ever! The SparePartsKnowHow.com online training service was already the most comprehensive online resource dedicated to spare parts inventory management but we have now gone even further to offer more courses, more […]
Inventory Prevention
In this 2 Minute Tutorial Phillip Slater explains the problems of inventory optimization and puts forward the idea of inventory prevention, that is, preventing the accrual of excess inventory in the first place. Run time: 2:28
Why You SHOULD Run Your Spare Parts Warehouse Like Walmart
Recently I was running a three-day inventory management and review training course in Singapore when one of the attendees made a familiar statement. He said ‘if we left this all up to maintenance they would want to stock everything like they are at Wal-Mart’. As I said, this is a familiar comment. It doesn’t matter […]
September 2018 Update: Guest Blog Post, Industry News, and Discount Books!
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 books, Spare Parts […]
