Course code: SP02
Delivery method: Self-paced, online
Training Course Content
The self-paced Slow and Obsolete Spare Parts Management Training Course teaches you how to manage slow and obsolete inventory.
The course provides you with a general understanding of spare parts inventory management, then teaches you how to determine the most appropriate stock holding level, and then uses that information to help you address physical storeroom management and the management of slow and obsolete inventory (SLOBs).
Training Course Structure
The Slow and Obsolete Spare Parts Management Training Course consists of 3 modules from our Advanced Spare Parts Management Training program:
- Module 1: Introduction to Spare Parts Inventory Management
- Module 2: Stock Level Decision Making
- Module 6: The Storeroom: Introduction and Physical Management
These modules include:
9 white papers
6 storage guidelines
Please note that all course content is provided in the course modules online.
What You Will Learn
- The issues and potential responses for managing slow moving inventory.
- The difference between vendor-led and owner-led obsolescence and the implications of each.
- How to develop an End-Of-Life (EOL) plan and calculate Last-Time-Buy requirements.
- How to recognize the issues involved in managing spare parts disposal and how to pro-actively manage spare parts obsolescence and disposal.
- The 7 different disposal options and the benefits of each.
- The pros and cons of storeroom location decisions.
- The physical issues of storeroom management, including layout, storage issues, labelling, and work flow.
- Understand how to manage rotable and repairable spares.
- The characteristics that differentiate spare parts inventory from other types of inventory.
- The 5 common supply chain techniques that should not be used with spare parts inventory.
- How spare parts management fits into the big picture of operations management.
- The 5 key financial principles for spare parts management.
- How to identify and interpret the key financial reports associated with spare parts management.
- The 7 questions that need to be asked before deciding whether or not to stock an item in inventory.
- How to determine the requirements for selecting and stocking spare parts for new capital equipment (first time buy).
- How to identify critical spare parts.
- How to determine appropriate re-order points (ROP) and re-order quantities (ROQ) – complete with exercises to test your know-how.
Plus, from our Advanced Spare Parts Management Training program:
Who Is It For?
The Slow and Obsolete Spare Parts Management Training Course is for those people who are specifically interested in dealing with the issue of managing slow and obsolete inventory.
This course is for companies that keep spare parts to support the maintenance and operations of their own assets and equipment. This is often referred to as MRO.
Training Course Length and Time Commitment
This course allows you to study at your own pace and you have up to 3 months to complete all the modules.
We recommend a minimum time commitment of 2 hours per week.
Studying at this rate will enable you to complete the training within the allocated time and leave some time for review.
Of course, if you have time, you can work through the content faster than that. The choice is yours.
Coaching and Tutorial Support
Online course-related coaching and tutorial support is provided via our exclusive online coaching function.
Training Course Assessment
Each module includes an online quiz. Successfully completing all four of the online quizzes leads to the award of our Slow and Obsolete Spare Parts Management Course certificate. We set the ‘pass’ level for these quizzes at 80%.
Please note that the course certificate will be forwarded to your registered email address within 7 days of course completion.
Total investment in this program is $199.00
Payment is accepted via credit card and PayPal.
For other enrollment options please visit our How to Enroll page.
Once you have enrolled, CLICK HERE to access the course content