Squirrel stores are the unofficial hoarding of items outside of the official storeroom management system. Squirrel stores are usually established out of good intent but they are to be avoided because their existence has a detrimental effect on inventory levels, reliability, and obsolescence. The existence of these stores is usually a sign that there is […]
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. Working Together for Spare Parts Management […]
Spare Parts End of Life Planning
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. Spare Parts End of Life Planning Video Transcript Hi, […]
Inventory Cash Release Process
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. The Inventory Cash Release Process Video Transcript Hi, my name’s Phillip Slater and for the next couple of minutes […]
Spare Parts Standardization: The Pros and Cons
One of the enduring debates around spare parts management is to do with spare parts standardization. That is, if we standardize our plant and equipment, we would then be able to hold a standardized set of spare parts? In this short video Phillip Slater explains the pros and cons of spare parts standardization. Spare Parts […]
The Benefits of Industrial Vending Machines – A Case Study
Industrial vending machines are changing the way that users interact with the storeroom and spare parts supply function. Typically, the rationale for the use of vending machines is tied to the potential for cost savings achieved through greater issuance control. However, following a recent virtual round table session, one of our members kindly […]
Maintenance Will Not Solve Your Spare Parts Management Problems
Improvements in your maintenance practices will not solve your spare parts management problems. If you don’t have your act together in terms of your spare parts decision making then you’re not going to get the outcomes that you need. In this short video, Phillip Slater explains why. Maintenance Will Not Solve Your Spare Parts Management […]
The Spare Parts Management Comfort Zone (Video)
The Spare Parts Management Comfort Zone: when you’re in that place where it seems like you know everything that’s going on, where you really can’t make any mistakes. But comfort zones also have a dark side. In this short video Phillip Slater explains what this is. Video Transcript The Spare Parts Management Comfort Zone […]
3D Printing – A Revolution in Spare Parts Management?
Is 3D printing about to create a revolution in spare parts management? Since the 1990’s supply chain collaboration has had a major impact on the overall level of business inventories. Of course, some companies have done better than others but there is no doubt that industry stock turns have increased significantly over the past 30 […]
Obsolete Spare Parts Inventory is an Absolute Certainty (Video)
If there’s one absolute certainty about all items in your spare parts inventory, it’s this: that at some point in time, every item in your inventory will become obsolete. In this short video, Phillip Slater explains why this is. Obsolete Spare Parts Inventory is an Absolute Certainty Video Transcript Hi, my name is Phillip […]