Mastering Spare Parts Management Meetings is a two-part video series developed from a presentation and interview with Joel Levitt. Introduction It is a fact of life that spare parts management meetings are required for both planning and decision-making. Why are meetings so important? Without meetings and the communication and agreement they can engender, no (big) […]
Forecasting Spare Parts Requirements (Video)
Is the forecasting of spare parts requirements hard, especially intermittent parts? Is your demand for parts based on random failure? These issues lead to forecasts that don’t achieve their goal. Having the past you need, when you need them. In this short video Phillip Slater explains what works – and what doesn’t! For access to […]
Working Capital Decision-Making (Video)
Does your company spend money (working capital) on spare parts inventory that you don’t actually need? Do you end up holding them for a long time before deciding to remove those parts and incur the cost of the obsolescence? Perhaps a better idea would be to not buy those parts in the first place. This […]
Spare Parts Management: Who Owns the Problem?
This post, Who Owns the Problem, is from our first ever newsletter. Published in February 2007. It is re-posted in celebration of our 250th edition. Inventory Reduction Identified Recently I worked with an organization to help identify opportunities relating to their indirect inventory. Specific details about the company aren’t important but I can tell you […]
Multi-Echelon Inventory Management Definition
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Satellite Stores Definition
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Squirrel Stores Definition
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Management of Spare Parts Inventory Video – Working Together
This management of spare parts inventory video explains why the effective and efficient management of spare parts relies on the input from people from a whole range of different functions from within the organization. Working together is essential for spare parts management success. Phillip explains in this short video. For access to this post, and […]
Spare Parts End of Life Planning (Video)
When you do Spare Parts End of Life planning you have to make a really important choice. If you consciously make that choice at the beginning of your end of life planning process, you’ll have a much better result. In this short video Phillip Slater explains. For access to this post, and all of our […]
Inventory Cash Release Process (Video)
The Inventory Cash Release Process simplifies the review of individual spare parts items and helps you make better decisions on stock holdings and quantities. How simple is this process? In this short video Phillip Slater explains. For access to this post, and all of our content, join using the button below. If you are already […]