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 […]
Spare Parts Management Masterclass
In This 27 Minute On-Demand Webinar You Will Discover the 8 Strategies to Achieve Your Spare Parts Inventory Management Goals It was through my direct experience managing spare parts as a young engineer that I developed the tools and techniques that work with spare parts inventory management. I discovered what doesn’t work (hint: almost […]
The Biases That Have the Greatest Effect on Your Spare Parts Inventory
Subject Area: spare parts inventory bias Recently, in a series of unconnected conversations, I was struck by how each speaker focused on some specific aspect of spare parts management that, to them, indicated how well (or poorly) they were doing in this area. For example, viewing a single event (such as a stock out) as […]
Spare Parts Inventory Management Workshops
Subject Area: Inventory Management Workshop Hosted by SIRF Roundtables Brisbane Date and time: Thu 7th Sep – Fri 8th Sep 2023 – too late, you missed it! Melbourne Date and time: Wed 15th Nov – Thu 16th Nov 2023 Perth Date and time: Postponed to 2024 See the Full Agenda, Download the […]
The Top 5 Spare Parts Management Mistakes
Subject Area: spare parts management mistakes Spare parts management is a crucial aspect of any organization that relies on machinery or equipment to operate. However, many organizations make mistakes when managing their spare parts inventory, which lead to increased costs, reduced efficiency, and even unnecessary downtime. In this article, I discuss the top 5 mistakes […]
Is Stock Turns the OEE of Spare Parts Management?
Subject Area: Stock Turns In operations management there are many metrics that are used to measure operational performance. One of the most popular is OEE – Overall Equipment Effectiveness. OEE measures the productive operating capacity of plant and equipment, compared to the theoretical maximum capacity of that plant and equipment. That is, OEE measures the […]
The Importance of Spare Parts Management Relationships
Subject Area: Spare Parts Management Relationships Why is it that almost all training and literature relating to spare parts management focuses on the technical and supply chain issues? You know the sort of thing: calculating stock levels, optimization, data management, dealing with excess and obsolete stocks, planning and scheduling effects. All important stuff but what […]
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Will Artificial Intelligence End My Career?
Subject Area: Artificial Intelligence ChatGPT was released for public access in November 2022 and since then reports and updates have been constantly in the media. Depending on your perspective this has led to either alarm or excitement. In the world of schooling and academia there appears to be alarm, as students can use AI to […]
Spare Parts Management Habits – Are They Limiting Your Results?
Subject Area: Spare Parts Management Habits 100% online Study at a pace and place that suits you The Advanced Spare Parts Management Course covers all the issues faced during the spare parts inventory management lifecycle. Completing this course equips you with the know-how and skills to effectively manage all aspects of spare parts inventory. […]