Spare Parts Inventory Management Capability Framework
Our Spare Parts Inventory Management Capability Framework is a tool for the self-assessment of your company’s current practices and comparison of those to best practice. This tool helps you to identify the strengths and weaknesses of your company’s current approach to spare parts inventory management and then guides you to develop your improvement plan. You can easily map your company’s performance for a quick and easy visual representation.
How to use the Spare Parts Inventory Management Capability Framework
The framework is divided in to 6 key areas:
- Policy and Procedures
- Culture, Accountability and Metrics
- Inventory Management Process
- Storeroom Admin and Control
- Inventory Optimization
- Achievement of Outcomes
You simply score your performance against statements of best practice in each area and then use the framework to map your performance and identify strengths and weaknesses.
Cost: Included as part of your subscription.
Download the Best Practice Capability Framework Here
Before completing the review please watch this video on how to complete the capability framework assessment.