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Optimization Software Target Map

November 16 Phillip Slater

Subject Area: Optimization Software Target Map Optimization Software Target Map Our optimization software target map is designed to help you visually identify the strengths and weakness of different software choices. The map is divided into four quadrants. Each quadrant represents a different feature of optimization software programs. For each quadrant

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

Software demos are for you, not the vendor

October 26 Phillip Slater

Subject Area: Software demos Traps to Avoid: Lesson 6 Some companies make it very hard for you to get a software demo because they are afraid of wasting time with “tire kickers”. They want you to demonstrate to them that you are worth their time! However, if a company is

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

Developing Your Own Optimization Software

October 5 Phillip Slater

Subject Area: Developing Your Own Optimization Software Traps to Avoid: Lesson 5 Avoid the temptation of developing your own optimization software. Sometimes when companies can’t find the ‘perfect fit’ from a vendor they think that they should spend their time developing your own optimization software using MS Excel or something

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

Appropriate Inventory Settings

September 14 Phillip Slater

Subject Area: Appropriate inventory settings Traps to Avoid: Lesson 4 Be wary of using any form of weighted sorting. This is where each feature is given a weighting in terms of the contribution to the overall performance and each solution is scored. An overall score is then determined by multiplying

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

Spare Parts Inventory Optimization Trap 3

August 24 Phillip Slater

Subject Area: Spare parts inventory optimization trap 3 Traps to Avoid: Lesson 3 Don’t judge a solution by its position on Google! At the top of search engine results there are ads – top placement for companies that have paid for that position. Then there is a list of companies

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

Spare Parts Inventory Optimization Trap 2

August 3 Phillip Slater

Subject Area: Spare parts inventory optimization trap Traps to Avoid: Lesson 2 Spare parts inventories are typically made up of tens of thousands of items, but do they all need to be optimized? It is easy to fall into the trap of thinking that because the ‘software does the work’

Filed Under: Inventory Management Tagged With: inventory optimization, mro, software, spare parts

Optimization Problems – Not All Solutions are the Same

July 13 Phillip Slater

Subject Area: Optimization Problems Don’t believe the hype that all optimization software will solve all optimization problems. It is easy to think that all optimization software solutions are the same – they are not. Techniques vary. Some companies keep their techniques secret. They don’t want to share the specifics of

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts

Optimization Software Problem Definition Template

June 22 Phillip Slater

Subject Area: Optimization Software Problem Definition Template This is our optimization software problem definition template. A problem definition should look something like this four point template: Our spare parts inventory routinely fails to deliver on our goals of minimal stock with target availability because… (insert issues of concern) This is

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts inventory

Step 3: Be Clear About Your Optimization Software Selection Goal

June 1 Phillip Slater

Subject Area: Optimization Software Selection Goals Before taking your software selection process any further you must be clear about your optimization software selection goals. Failure to frame the goals and issues from the stakeholder perspective and from that develop the problem definition will derail any attempt to gain support for

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts inventory

Step 2: Engage with End Users

May 18 Phillip Slater

Subject Area: Optimization Software Selection Team The best software in the world is of no use, if the results are over-ridden. Therefore, before getting too far into a selection process you need to identify an optimization software selection team that includes a representative of each of the stakeholder groups: maintenance,

Filed Under: Inventory Optimization Tagged With: inventory optimization, mro, software, spare parts inventory

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This intensive course applies a live, interactive format to teach participants the fundamentals of spare parts inventory management in 4 sessions.
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40 Key Lessons for Spare Parts Inventory Management and Optimization

This complimentary management guide identifies 40 key lessons for spare parts inventory management and optimization.
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