Subject Area: Spare Parts Management Webinars
This page contains links to recordings of webinars
To be notified for upcoming spare parts management webinars please register for our complimentary Base Level access.
One of the major issues that people face with spare parts inventory management is the need to optimize the inventory.
It is because, with this type of inventory, there are just so many different parts, so many different SKUs that you need to review and evaluate, the most effective way to do that across a large holding is to use software.
This means that companies face the daunting challenge of being able to choose the right software for them.
In this webinar on how to select the right inventory optimization software we explain the steps for selecting the right software, cover six traps tp avoid, and provide a ‘mapping template.
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 really need.
- Fail to get proper leverage from their IT investments – they spend up big on their ERP and then use excel as a work around.
- Throw ‘good money after bad’ through spending on ad-hoc ‘thought bubble’ problem solving.
- Let down their customers when they are unable to fulfil their product and service promise.
All of this is avoidable when managers, senior managers, VPs and CFOs start seeing spare parts as a core function that helps deliver on business strategy and supports profit achievement.
In this spare parts inventory webinar extract Phillip Slater, a global leader in spare parts management to share with you:
- The 7 things that every executive and senior manager must know about spare parts management.
- How not knowing this is costing your company through excess inventory and extended downtime.
Do you know the characteristics that differentiate direct and indirect procurement?
Direct procurement is characterized by high volumes, regular purchases, and a small number of suppliers.
Indirect procurement, and MRO in particular, is characterized by low volumes, irregular purchases, a large number of different items, and a large number of suppliers.
These key differences mean that the cost of managing indirect procurement can be 4X the cost of direct procurement. As a result many companies fall into what I call the MRO complexity trap.
The webinar is presented by Phillip Slater, Founder of SparePartsKnowHow.com and Turgay Temur, Global Business Development for the V-LINE Group.
Mastering Spare Parts Management Meetings is a two-part video series developed from a presentation and interview with Joel Levitt.
It is a fact of life that spare parts management meetings are required for both planning and decision-making.
Why are meetings so important?
Without meetings and the communication and agreement they can engender, no (big) action can take place.
The problem is that with few exceptions, most people who run spare parts management meetings have had no training, no study and no coaching to run meetings. This means that many meetings are ineffective and inefficient. They take too long and produce no results.
To help fix this, we asked Joel Levitt to share his lessons on mastering meetings.
Part 2 is a conversation with Joel where he answers all our questions about meetings and provides direction on how to get a great return on your time in all future meetings.
To be notified for upcoming spare parts management webinars please register for our complimentary Basic Level access.