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 […]
Proof that Single Point Spare Parts Inventory Optimization Leaves You Short
There seems to be a common belief in spare parts inventory optimization that a complete solution can be achieved by tackling just one aspect of the spare parts inventory. But this isn’t really the case. It takes a range of actions to achieve spare parts inventory optimization. For example, I hear people all the time saying […]
Best Practice: The One Action That Makes It Work
Over the past few months I have been working through a series of five best practices for spare parts management. If you missed any of those items you can catch up via the links below. But there is one thing that you must do if you want to take advantage of applying the practices covered so far. […]
The Two Reasons Why You Hold Spare Parts Inventory
In this Two Minute Tutorial Phillip Slater discusses the only two reasons why you (or anyone) holds spare parts inventory. The first reason is when you can’t access supply within your planning horizon. For example, if you have a need for a spare part that is critical to your operations and the predominant failure mode is unpredictable, […]
Why Isn’t Procurement Treated as a Partner in Spare Parts Management?
When it comes to the management of spare parts used for maintenance and operations support, the procurement team is often treated as an outsider, a service provider, rather than a partner in ensuring that the objective of maintaining operational capacity is achieved. In my experience, this approach is a drag on both efficiency and effectiveness, […]