Of course, spare parts management goals can be determined at any time of the year but usually there is an event that precipitates the need to review current goals and, if necessary, set new ones. This might correspond with budget setting. Often it is the start of a New Year. If the two coincide then […]
3 Signs that You Are Probably Accepting Sub Standard Spare Parts Inventory Results
Despite the Costs, Companies Routinely Accept Sub Standard Results For access to this post, and all of our content, join using the button below. If you are already registered then you need to log-in. For information on our Pro Level membership please visit our Pro […]
Order Picking and Routing Strategy – Why Does it Matter?
Warehousing and storerooms are at the center of spare parts inventory management. Whatever the reason that a company needs to hold spare parts as inventory, they need to hold them somewhere and in an organized manner. Depending on the industry, this space may be referred to as the warehouse, storeroom, storehouse, store, stockroom, or crib. […]
Inventory Prevention
In this 2 Minute Tutorial Phillip Slater explains the problems of inventory optimization and puts forward the idea of inventory prevention, that is, preventing the accrual of excess inventory in the first place. Run time: 2:28
Why You SHOULD Run Your Spare Parts Warehouse Like Walmart
Recently I was running a three-day inventory management and review training course in Singapore when one of the attendees made a familiar statement. He said ‘if we left this all up to maintenance they would want to stock everything like they are at Wal-Mart’. As I said, this is a familiar comment. This article explains […]
University Certificate in Spare Parts Inventory Management
In 2018 the University of Kansas and Phillip Slater joined forces to create a University Certificate in Spare Parts Inventory Management. This ten-week online course was created to help participants develop the expertise, skills, policies, and systems to minimize their spare parts investment and maximize their spare parts availability. Based upon instructor Phillip Slater’s books, […]
Stop Wasting Time with Free Online Spare Parts Inventory Management Training
Subject Area: Online 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. Some time ago I decided to learn to play the piano. Why piano? […]
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. For complimentary […]
PASA Announces Phillip Slater to Chair Upcoming MRO Conference
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] 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 20th & 21st September 2018. This two-day special event will give […]