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 […]
Ask Phill: The Pros and Cons of Bar Coding
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 […]
Ask Phill: Definitions of Different Inventory Fill Rates
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 […]
Three Questions For Better Spare Parts Management
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] 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 […]
Ask Phill: Will an inventory turnover >1 be practical?
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 […]
Ask Phill: How do we measure reduction in consumption of MRO?
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 […]
Ask Phill: Unable to Download Presentations
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 […]
Ask Phill: Do you have an opinion about the Oniqua Optimiser?
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 […]
How To Manage Stock Out Risk
[grwebform url=”https://app.getresponse.com/view_webform_v2.js?u=uY&webforms_id=14719202″ css=”on” center=”off” center_margin=”200″/] When I review inventory holding levels with people and I ask ‘why is the maximum setting so high?’, almost invariably the reply is, ‘because that item is critical to our operation’. However, this response, while well meaning, highlights one of he major problems (in my opinion) of spare parts inventory […]
Ask Phill: Pitfalls in CMMS Implementation
Q: I am beginning a new phase in my career by taking on a CMMS implementation. Do you have insight regarding pitfalls that would help me listen to the “whispering road signs” I encounter? A: I think that there are three things that you should ‘listen’ out for: Planning vs. Scheduling: My experience is that […]