The spare parts management planning horizon is the time between when you know that you’re going to need the part and when you can get the part available for use. In this short video Phillip Slater explains. For complimentary access to this video and transcript, and our entire blog archive, register using the button below. […]
Identifying Critical Spare Parts (Video)
Identifying Critical Spare Parts: One of the key causes of incorrect critical spare parts assessment is the assumption that just because a part is critical for the equipment that it is also to be classified as a critical spare part for the storeroom. In this short video Phillip Slater explains why this is a problem. […]
Materials Master Data Maturity in the Era of Industry 4.0
A Webinar from Sphera MRO Materials master management has become a foundation element for performance in a world where IoT and digital twins are at the forefront of change. Quite simply: if you do not manage your materials master data you cannot manage your inventory. To help companies assess their data […]
Storeroom Management: The 3 As For Effective Management (Video)
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Adopting a Zero Inventory Mindset
For complimentary access to this article and our entire blog archive, register using the button below. We will also keep you up-to-date on new content and courses. You might also be interested in this article series Spare Parts Management: 7 Things That Every Senior Manager and CFO Should Know Author: Phillip Slater […]
Last Time Buy and Spare Parts Management (Video)
With all spare parts, at some point, you will have to make a decision about your last time buy. This need comes about in several different ways but the decision is still the same: What will be the final quantity of that part that you are going to purchase? Phillip Slater explains in this short […]
The Problem with Spare Parts Inventory Optimization (Video)
What is the problem with spare parts inventory optimization? Yes, spare parts inventory optimization is terrific. It helps companies adjust their stock holding levels, reduce their working capital and reduce their procurement costs. However, there is a problem – as Phillip Slater explains. The video and transcript are available to members and subscribers only. For […]
Inventory Optimization is Multi-Factorial (Video)
The issue with inventory optimization is that it is multifactorial. That means it relies on a whole range of different factors in order to be truly effective. If you focus solely on one single criterion, one of those factors, then you are likely to be missing out on big opportunities to better optimize your inventory. […]
Identifying Best Practices for Spare Parts Inventory Management
One problem with ‘identifying best practices’ is that while it may be possible to define targets for almost everything that you do, implementing actions to achieve those targets may not actually make any difference to your overall results. Another problem is that discussions on practices are usually not objective – for many people what’s ‘best’ […]
The High Cost of Free Parts (Video)
Spare parts bought as part of a new capital equipment deal seem like free spare parts. But there are consequences from how we treat those parts. It’s just that sometimes they’re not so obvious to us. Phillip Slater explains. This video and transcript is available to members and subscribers only. For complimentary access to this […]