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Spare Parts Inventory Management Training

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The Two Whys of Spare Parts Inventory Management

May 16 spkhadmin

The Toyota Production System is seen by many as the origin of Lean Manufacturing – an approach to operations management that eliminates waste and as the name suggests aims to operate as lean as possible.  According to Taiicho Ohno, the creator of the system, the approach was built upon a root cause analysis technique called […]

Inventory Management

The Truth About Long Supply Chains

May 16 spkhadmin

Recently I visited a company located near Hobart, in Tasmania. Hobart is the southern most capital city in Australia and possibly the world.  One of the interesting things about Hobart (from a spare parts inventory perspective) is that it is a long way away from many industrial centres that supply spare parts. For example, Hobart […]

Inventory Management

Repairable Spare Parts Decision Making

March 23 spkhadmin

Recently I was helping a company develop a suite of spare parts management policies.  The process for this involves reviewing the company’s existing policies and then working with their nominated team to improve these or develop new polices, using ‘tried and tested’ generic policies as the starting point.  The Repairable Spare Parts Policy is one […]

Policies and Procedures

The Pros and Cons of Bar Coding

February 7 spkhadmin

Q:  We are considering the installation of bar coding systems at our facilities. We will use the system for cycle counting, receiving and issues. Most of our sites are on board with the installation of bar coding system, except for one of our sites. They do not think the system will create value and is […]

Storeroom Management

Definitions of Different Inventory Fill Rates

January 30 spkhadmin

Q:  What is the difference between Order Fillrate (First Fillrate) and Service Fillrate?  As an Inventory person which one should be important for me? A: In my experience the terms Order Fill rate, First Fill rate, and Service Fill rate are not universally defined. In many companies they can mean the same thing or even slightly […]

Metrics and Reporting

Three Questions For Better Spare Parts Management

December 8 spkhadmin

Usually I use this forum to provide answers but this month I have decided to pose some questions. It’s up to you to determine the answers that will work best for you! Here are three questions to help you achieve better spare parts management by focusing on the actions that will make a real difference:  What […]

Continuous Improvement

Will an inventory turnover >1 be practical?

December 8 spkhadmin

Q: I would like to take your opinion on the target for inventory turn over particularly for the industrial warehouse like ours, where around 80 to 85% of the materials stocked with us are maintenance spares /materials and many out of them are recommended by the OEM’s as 3-5 years or 5-10 years spares which […]

Metrics and Reporting

How do we measure reduction in consumption of MRO?

December 8 spkhadmin

Q: A question I have is how do we measure reduction in consumption of MRO?  It seems a highly problematic area (to me at least!).  We have a complete data set of usage and spend for the past 12 months and are seeking to measure the impact of control systems we are putting in place. By […]

Metrics and Reporting

Unable to Download Presentations

December 8 spkhadmin

Q: I am enjoying SPKH very much. You have put words and tools together from many similar experiences. I am sharing with my direct reports. I am also sending my peers to sign up. I have one question. I am unable to download any presentations from the resource center. Can you help? I would like […]

Online Training

Do you have an opinion about the Oniqua Optimiser?

December 8 spkhadmin

Q: Do you have an opinion about Oniqua’s Optimiser – we have it in use here.   It certainly has very good reporting but as far as forcasting we have struggled to get it right. Their settings are over the top and therefore wrong imputs have given bad results. A: What can I say about Optimizer? I […]

Inventory Optimization

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Latest Blog Posts

  • Why Every Plant Thinks Its Spare Parts Challenges Are Unique (and Why They Aren’t)
  • Avoiding Survivorship Bias in Spare Part Procurement: From Efficiency to Resilience
  • Survivorship Bias in Spare Part Inventory Management: A False Sense of Security
  • Systems Over Goals: A Smarter Way to Manage Spare Parts Inventory
  • Spare Parts Management Training: The Power of Curiosity and Commitment
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