Please Join Our Best Practice Webinar with Phillip Slater What constitutes best practice? How do you know if what you do, or are advised to do, will make you a leader in the field, or even make any difference at all? What are the few things that you should focus on to get the […]
How to Stop Wasting Time and Energy with Spare Parts Inventory Management Training
My Experience with Search-Engine-Based Self-Directed Training – And Why It Sucks Today I am going to let you in on a secret. OK, maybe not a secret but something that most people don’t know. A few months ago, I started taking piano lessons. Why piano? That’s a story for another day. What’s more important is: […]
The #1 Problem with Spare Parts Inventory Metrics
I am sure that you have heard the saying, ‘what gets measured, gets managed’. Essentially this tells us that people will focus on the things that are reported. This measurement should provide the feedback loop required to know if you are on track to reach your targets and whether any adjustments are helping or hindering. […]
The Unspoken Problem with Inventory Optimization
Inventory optimization is the most sought-after outcome from spare parts inventory projects. Nobody wants to spend more than they need to or have less stock than they need. That makes sense, after all inventory optimization means that you have the right balance of availability and expense. And that’s all great in theory. The real-world difficulty […]
Spare Parts Forecasting Webinar Now Available for Replay
A few months ago SparePartsKnowHow.com hosted a webinar titled, Intermittent Demand and Spare Parts: Why Forecasting Doesn’t Work… And What to Do About It. The webinar was a huge success with more people than expected signing up. Afterwards we received nothing but glowing comments from attendees about the insights on spare parts forecasting provided by […]
PASA Announces Phillip Slater to Chair Upcoming MRO Conference
Brisbane, Australia, 4th April, 2018 Media Release: Procurement and Supply Australasia (PASA) is pleased to announce that Phillip Slater, the Founder of SparePartsKnowHow.com will chair the upcoming MRO for Procurement Conference. The MRO conference will be held at the Stamford Plaza Hotel in Brisbane, Australia on 5th & 6th June 2018. This two-day special event […]
Creating Effective Spare Parts Stocking Policies
Over the years, my experience and research has indicated that companies that have effective spare parts stocking policies achieve better spare parts management outcomes than those that don’t. Sounds obvious, right? Well, here’s the problem. Almost every stocking policy that I see at client companies is ineffective. The flow on effect of this is that […]
3 Steps to Take Control of Spare Parts Inventory
Here is the bottom line. You want to take control of spare parts inventory so that you can be confident that you have the parts that you need, when you need them, without excess expenditure. Right? Great. Well the good news is that achieving that goal is simple. The bad news is that it is […]
The 9 Symptoms of Poor Spare Parts Inventory Health (and How To Avoid Them)
Understanding spare parts inventory health is both simple and complex. Simple because the actions required to establish an effective spare parts management system are well documented (just read one of my books!). Complex because there are many ‘moving parts’ (pardon the pun) and that means many things can go wrong that can (and do) have […]
Spare Parts Inventory Metrics
Often, I am asked about spare parts inventory management metrics. This is not surprising as we all know that, in the words of William Thomson (Lord Kelvin), ‘what gets measured gets managed‘. Here is a quote, reportedly from a lecture by Lord Kelvin on ‘Electrical Units of Measurement’, delivered in May 1883: I often say […]
