The application of block chain technology has been a hot topic of discussion for some time now. Most of that discussion has focused on what we might call ‘low trust’ environments and so block chain is mostly associated with bit coin. However, block chain and the ‘Internet of Things’ (IoT) also go hand in hand. […]
Are You an Announcer or a Doer?
Are you an Announcer or a Doer? Announcers like to… announce. Doers just get on with the job. This video explains the difference. If you are a Doer visit our Welcome page to learn more about how our spare parts inventory management training can help help you to do more in spare parts inventory management. […]
The Spare Parts Inventory Management & Procurement Alliance (SPIMPA)
The Spare Parts Inventory Management & Procurement Alliance (SPIMPA) is a trusted network of organizations that provide superior products and services to assist those tasked with managing and procuring spare parts. Each member of the alliance has demonstrated that they are market leaders with: An impeccable reputation High levels of customer service Products and/or services […]
Let’s Talk About Spare Parts Management Goals
Of course, spare parts management goals can be determined at any time of the year but usually there is an event that precipitates the need to review current goals and, if necessary, set new ones. This might correspond with budget setting. Often it is the start of a New Year. If the two coincide […]
3 Signs that You Are Probably Accepting Sub Standard Spare Parts Inventory Results
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 […]
