250 editions of our newsletter! Our first newsletter, which was named Insight, was issued in February 2007 – the same year that the first iPhone was released! That first edition was sent to just 332 people. Since then, more than 10,000 people have subscribed! Over the years we have covered every issue to do with […]
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
A multi-echelon inventory management system occurs when multiple storerooms are part of a spare parts inventory management and supply system. For example, where a company on a large site has a central storeroom and then one or more satellite storerooms that are located closer to the operational activity. Another example: When a company has a […]
Satellite Stores Definition
A Satellite Storeroom is a small storage area that is separate from the main or central storeroom. What differentiates satellite stores from squirrel stores is that a satellite storeroom is an official storage location where the items located there are subject to the record keeping and management controls set out by the main storeroom. This […]
Squirrel Stores Definition
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 […]
Working Together in the Management of Spare Parts Inventory (Video)
The effective and efficient management of spare parts inventory 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. The transcript of this video is available to members and subscribers only. For complimentary […]
V-LINE EUROPE Joins Spare Parts Alliance
V-LINE and SparePartsKnowHow.com Join Forces to Help Companies Fulfil Their MRO Mission. Hannover, Germany, June 24, 2019. Today, SparePartsKnowHow.com and V-LINE EUROPE announced that V-LINE has joined the SparePartsKnowHow.com Spare Parts Alliance. The V-LINE GROUP is a world leader in the provision of procurement services and solutions that transform the way businesses manage their supply […]
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. Spare Parts End of Life Planning Video Transcript The […]
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. The Inventory Cash Release Process Video Transcript The transcript of this video is available to members and subscribers only. […]
Calendar of Spare Parts Management Training Events
All dates are US unless stated. June 2019 17th & 18th MRO & Critical Spare Parts Two-day Workshop (dates are local time in Brisbane, Australia) 20th SparePartsKnowHow.com Virtual Round Table Additive Manufacturing July 2019 23rd SparePartsKnowHow.com Ask The Expert Aug 2019 27th SparePartsKnowHow.com Ask The Expert Sept 2019 10th Special Interest Group – Demand and […]