Subject Area: Slow Moving Spare Parts Inventory Concerned about the number of slowing moving items in your spare parts inventory? Concerned that these are a sign of wasted money and poor inventory management? The reality is that with spare parts inventory you will need to hold items that will not move. This is a necessary […]
Inventory Management Training: Most of What You Learned Does Not Apply to Spare Parts
Subject Area: Inventory Management Training Have you, at some time, participated in inventory management training? Maybe at a conference, seminar, or a formal course? Have you noticed that applying inventory management training theory and techniques hasn’t helped you get the results you need with your spare parts inventory? This video explains that most of what […]
Spare Parts Inventory Costs are Avoidable
Subject Area: Spare Parts Inventory Costs Concerned about the amount of money tied up in your spare parts inventory? Worried that there is no other way to manage this inventory type? Failure to understand the ‘rules’ around spare parts inventory leads to waste in spare parts inventory costs that are avoidable. If you know how. […]
Spare Parts Inventory Characteristics
Subject Area: Spare Parts Inventory Characteristics Do you manage spare parts inventory? Are you aware that spare parts inventory has specific characteristics that differentiate it from other inventory types? This short video is an edited extract from a live webinar titled: What Every Senior Manager and CFO Must Know About Spare Parts Inventory […]
The MRO Procurement Complexity Trap
Subject Area: MRO Procurement Complexity Do you wonder why MRO is such a hard category for procurement management? Do you find that your company constantly goes through cycles of adding and reducing MRO procurement resources? When companies manage indirect and MRO procurement in the same way that they manage direct procurement they run the risk […]
The True Cost of Managing Indirect Procurement
Do you know the true cost of managing indirect procurement vs. the cost of managing direct materials procurement? In this short video from the Something to Think About series, Phillip Slater explains the true cost of managing indirect procurement. For access to this post, and all of our content, join using the button below. If […]
Spare Parts Management Guides
This page provides links to exclusive spare parts management guides only available at SparePartsKnowHow.com. The What, Why, and How of Industrial Vending Machines Have you considered using vending machines at your facility? Are you interested in the promise of increased accuracy and zero stock outs? If so, then you must read this report […]
Spare Parts Inventory Optimization Software: Selection Guide
Subject Area: Spare Parts Inventory Optimization Software So, you’ve decided that you’ve had enough of the excess inventory, too many stock outs, and poor inventory service levels and want to purchase inventory optimization software to help optimize your holding levels. Great! No doubt by now you have done an online search, asked your colleagues for […]
Spare Parts Inventory Webinar: 7 Things Every Senior Manager Must Know
For most asset-intensive companies, spare parts are not much thought about at all when in ample supply but become the number one focus for survival when not available. Unfortunately, many companies still view spare parts management as a low-level operational task. As a result, these companies: Waste millions of dollars on inventory that they don’t […]
Defining Best Practice Spare Parts Management
What is the best approach for defining best practice for spare parts management? We use a Stages of Excellence tool. This tool defines four levels of practice across 25 different aspects of spare parts management. Phillip Slater explains in this short video. For access to this post, and all of our content, join using the […]