The problem is that people see spare parts inventory only as engineering components and so think that their inventory decisions are engineering decisions Imagine walking into a storeroom or warehouse and finding the shelves stacked high with cash. Ten thousand dollars on one shelf, two thousand on another. A storage bin filled with 10 dollar […]
New and Updated Spare Parts Management Articles
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] Special Announcement This month we have added or updated 33 articles and white papers. All titles are available as a PDF download. Here is the list of titles. 1. The Big Lie of Spare Parts Obsolescence 2. Managing Repairable Items 3. Storeroom Management 4. Spare Parts Inventory Optimization 5. Categorizing […]
Peace of Mind and 7 Other Benefits of Gaining a Spare Parts Management Certificate
In my line of work I meet and engage with a lot of different people. Some in person. Some via email. Some via LinkedIn. These people come from all parts of the spare parts management spectrum. Some are just starting out their careers. Some are ‘old timers’ who have been engaged with spare parts management […]
SparePartsKnowHow.com Recognized with 2017 Business Innovator Award
SparePartsKnowHow.com, the leading online training resource for people engaged in spare parts inventory management, has been recognized with a 2017 Business Innovator Award from the UK-based Corporate Vision Magazine. Corporate Vision says of the awards: The 2017 Business Innovator Awards have been designed to celebrate the trailblazers of the corporate sphere, striving ahead of their […]
Organizational Misalignment: Don’t Underestimate the Impact on Spare Parts Management
Every company seeks better results from their spare parts inventory investment. After all this inventory is the life-blood of their maintenance and reliability functions. The problem is that the definition of what any one person thinks constitutes ‘better results’ can vary depending upon their functional focus. This is the essence of organizational misalignment. Organizational Misalignment […]
How to Sell Your Obsolete and Excess Spare Parts on eBay
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 Level page. Posted by: Phillip Slater
Is It Time to Re-Train Your Spare Parts Manager?
What if I told you that it is probable that one in two spare parts manager reading this post work at companies that don’t apply even the most basic principles for managing their spare parts inventory? Would that be surprising? Well, that’s the conclusion that I draw from reading a recent report on MRO best […]
How to Make Spare Parts Forecasting Work
Spare parts forecasting accuracy is driven by the validity of the premise and the data that is used in the analysis, not the sophistication of the modeling Making predictions is hard, especially if they are about the future! For access to this post, and all of our […]
3 Major Mistakes Most Companies Make With Critical Spare Parts Management
Nobody wants to be responsible for not having a critical spare part when it is needed. There are many issues that have the potential to keep spare parts managers awake at night but without doubt, critical spare parts management must be number 1. It is a topic […]
The Big Lie of Spare Parts Obsolescence
One of the peculiarities of spare parts inventory management is that, generally, the supply chain is established to operate only one way. What if you had a storeroom full of parts that you didn’t need but also had no way of managing them? No process for identification and removal. This is a situation […]