Subject Area: Inventory Sharing Solution For those of you that manage spare parts inventory across multiple sites, how often have you had one site purchase a new spare when another site has an excess quantity of the same item on the shelf? What about experiencing extended downtime waiting on a spare to be delivered when, […]
Excess and Obsolete Inventory Disposal
Subject Area: Excess and Obsolete Inventory Disposal How many companies can you name that have a well-defined system for disposing of excess and obsolete spare parts inventory? Not many I bet. The problem is that typical spare parts management systems are designed to get stuff into the storeroom, not remove the stuff no longer needed. […]
Materials Data Management Solution
Subject area: Materials Data Management Solution When was the last time you checked how much of the data in your in-house spare parts catalog is incorrect? By incorrect I mean wrong or out of date description, part number, supplier details and so on. Recently I saw a report indicating that in the average catalog nearly […]
Optimization Software Target Map
Subject Area: Optimization Software Target Map Optimization Software Target Map Our optimization software target map is designed to help you visually identify the strengths and weakness of different software choices. The map is divided into four quadrants. Each quadrant represents a different feature of optimization software programs. For each quadrant you use a three part […]
Software demos are for you, not the vendor
Subject Area: Software demos Traps to Avoid: Lesson 6 Some companies make it very hard for you to get a software demo because they are afraid of wasting time with “tire kickers”. They want you to demonstrate to them that you are worth their time! However, if a company is hard to deal with before […]
Developing Your Own Optimization Software
Subject Area: Developing Your Own Optimization Software Traps to Avoid: Lesson 5 Avoid the temptation of developing your own optimization software. Sometimes when companies can’t find the ‘perfect fit’ from a vendor they think that they should spend their time developing your own optimization software using MS Excel or something similar. Software development may look […]
Instructor-led Online Training
Subject area: Instructor-led Online Training In addition to our standard online training we can also provide tailored online spare parts management training. This is an instructor-led spare parts management training service that will focus on your specific issues and concerns. Here are the key points: Pre-training session to discuss your specific needs Development of a […]
Appropriate Inventory Settings
Subject Area: Appropriate inventory settings Traps to Avoid: Lesson 4 Be wary of using any form of weighted sorting. This is where each feature is given a weighting in terms of the contribution to the overall performance and each solution is scored. An overall score is then determined by multiplying the score by the weighting. […]
Spare Parts Inventory Optimization Trap 3
Subject Area: Spare parts inventory optimization trap 3 Traps to Avoid: Lesson 3 Don’t judge a solution by its position on Google! At the top of search engine results there are ads – top placement for companies that have paid for that position. Then there is a list of companies that have, through clever website […]
Spare Parts Inventory Optimization Trap 2
Subject Area: Spare parts inventory optimization trap Traps to Avoid: Lesson 2 Spare parts inventories are typically made up of tens of thousands of items, but do they all need to be optimized? It is easy to fall into the trap of thinking that because the ‘software does the work’ you should include everything you […]