Subject Area: Inventory Management Workshop
Brisbane
Date and time: Thu 7th Sep 2023, 8:30 am – Fri 8th Sep 2023, 4:30 pm AEST
Melbourne
Date and time: Wed 15th Nov 2023, 8:30 am – Thu 16th Nov 2023, 4:30 pm AEDT
Perth
Date and time: Thu 23rd Nov 2023, 8:30 am – Fri 24th Nov 2023, 4:30 pm AWST
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)
• Forecasting
• 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.
Brisbane Workshop
Melbourne Workshop
Perth Workshop