Spare Parts Inventory Management Workshops

Subject Area: Inventory Management Workshop

 
 
Perth
Date: Thu 20 June – Fri 21 June 2024

Brisbane
Date: Thu 29 Aug – Fri 30 Aug 2024

Melbourne
Date: Thu 24 Oct – Fri 25 Oct 2024
 

 

 
Identifying the spare parts that are critical to your ongoing operations is perhaps one of the most important and yet least understood aspects of spare parts inventory management.

Many companies have a working definition of criticality, but it is too narrow to be of any real value. Others set parameters that don’t really reflect the critical nature of the parts. And some companies seem to have a ‘wait and see’ approach that only defines criticality after the event!

All of these approaches take a narrow view of MRO and critical spare parts management and can simultaneously expose the company to both increased inventory expense and greater risk of operational losses.

Effectively managing MRO and critical spare parts inventory requires an holistic approach that understands the full life-cycle of spare parts inventory management.

This covers: initial forecasting, first time buy, categorization, defining criticality, setting ROP and ROQ, inventory optimization, last time buy, and managing obsolescence.

In the extensive two-day spare parts inventory management workshop, Phillip Slater will take you through the entire spare parts management life-cycle.

This will enable you to implement a best-in-class approach for MRO and critical spare parts management.

This comprehensive workshop will cover:

• The uniqueness of spare parts management
• Financial considerations
• Metrics and reporting
• Policies and procedures
• Managing rotable and repairable spares
• Best practices
• Deciding what to stock
• Capital equipment and first time buy
• Identifying and managing critical spares
• Setting the Re-Order Point (ROP) and Re-Order Quantity (ROQ)
• Inventory optimization
• Managing obsolescence, end of life, and last time buy

The workshop will be interactive with exercises and plenty of time for your questions.
 

• Excellent
• Presenter was very knowledgeable on the subject
• Great content and super excited to discuss with my manager how we can move forward
• I found these two days enjoyable and engaging
• I’ve learnt a lot to take back to my role, and I’ll work towards implementing it
• Great concepts to give me an action plan to work on
• Great concepts to give me an action plan to work on
• A different way of thinking regarding how to calculate min/max levels
• Inventory management is a team sport
• Good knowledge and helpful calculations for material management
• Thank you SIRF Roundtables and Phillip Slater for a productive 2 day workshop

Thanks for an exceptional workshop Phillip Slater. SIRF and Jeff Naylor. A fantastic opportunity to learn from a true expert in this field. I highly recommend! Can’t wait to implement the tools and knowledge learnt here.
Harry Rose, Maintenance Manger at GrainCorp