Do you label your spare parts inventory as fast and slow moving? If you do, then I think that you are wasting your time. Watch the video find out why. Fast and Slow Moving Inventory Video Transcript Hi, my name is Phillip Slater and for the next couple of minutes I’d just like to give […]
MRO Inventory Webinar
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Block Chain and Spare Parts Management
The application of block chain technology has been a hot topic of discussion for some time now. Most of that discussion has focused on what we might call ‘low trust’ environments and so block chain is mostly associated with bit coin. However, block chain and the ‘Internet of Things’ (IoT) also go hand in hand. […]
Are You an Announcer or a Doer? (Video)
Are you an Announcer or a Doer? Announcers like to… announce. Doers just get on with the job. This video explains the difference and the relationship to spare parts inventory management training. Are You an Announcer or a Doer? Video Transcript Hi, I’m Phillip Slater. And for the next couple of minutes I’d just […]
Let’s Talk About Spare Parts Management Goals
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 There are some statements we can make about spare parts inventory management with absolute certainty. One is that: the need for companies to apply at least ‘good practice’ inventory management is self-evident. Self-evident because of the cost of purchasing the inventory. […]
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, […]