‘Getting It Right’ With Spare Parts Management Achieving best practice spare parts management process involves the input of many different people and/or departments in an organization. To ‘get it right’ with spare parts for maintenance and operational support you need input from the storeroom (or warehouse), procurement, maintenance, planning, finance, and operations (you may have […]
Spare Parts Management Training – Three Things You Must Do
Be Wary of ‘Learned Experience’ To achieve best practice from spare parts management training you need to be wary of ‘learned experience’. Let me explain… Recently I had occasion to use a goods lift (elevator) at a warehouse. You may be familiar with this type of lift (elevator), they are typically much larger than […]
What is Your Dock-to-Stock Time?
The Influence of Lead Time One of the most important aspects of spare parts inventory management, in fact any inventory management, is the lead time. Lead time has a major influence on how much stock you hold. Lead time is one of two key factors in determining your cycle stock quantity. Lead time variability is […]
Why Spare Parts Inventory Optimization Can Start Today
If the benefits os spare parts inventory optimization are both significant and achievable, what is stopping you from working on it today, right now, even as you get on with your daily tasks? All You Need is the Right Process So let’s be clear: you can conduct your spare part inventory optimization review without […]
Insurance Spares Definition (Video)
In this 2 Minute Tutorial Phillip Slater defines and discusses insurance spares, their main attributes and how they are different from other types of spare parts. Understanding these issues helps you in determining why you hold the spare parts that you hold. Click here for information on our […]
Bill of Materials (BOM): Necessary or Just Nice to Have?
Do we really need bills of material (BOMs) for spare parts management? Back in my university days I serviced my own car – a Datsun 180B. Servicing my own car was a function of both economic necessity (I was studying full time and working part time) and technical interest (I was studying mechanical engineering). Back […]
How to Get The Most From Attending a Conference
Subject Area: Tips for Conference Attendance Let’s face it conference attendance can be expensive so you need to know how to get the most from attending a conference. Fees for multi-day conferences can sometimes be $3,000 or more. Plus you may need to fly in, pay for transfers and probably spend two or three nights […]
Three Reasons Why You Have Obsolete Spare Parts Inventory
In this 2 Minute Tutorial Phillip Slater identifies the three reasons that companies have obsolete spare parts inventory. By understanding these issues you can take the first steps to limiting and even eliminating obsolete spare parts inventory! Run time: 2:38 Click here for information on our Practitioner Playbook. […]
The Two Aspects of Spare Parts Data That Really Matter
All Spare Parts Data is Not Equal What really matters with spare parts data management? Recently I heard some consultants talking about spare parts data management and some of the problems that they have seen with their clients. As part of this discussion they were quoting statistics relating to spare parts data and specifically inaccurate […]
Spare Parts Inventory Optimization Vs. Spare Parts Inventory Prevention
Subject Area: Spare Parts Inventory Prevention Spare parts inventory optimization takes up a lot of time and energy at many companies. But the problem with spare parts inventory optimization is that it happens after you have spent the money! Rather than work on spare parts inventory optimization perhaps a better way is to work on […]