Subject: 3 Ways That The Wrong Plan Really Costs You

3 Ways That The Wrong Plan Really Costs You
Issue #171

Hi Friend,

This month we have a great new article/case study but before getting to that I want to ask you a favor.

We are exploring the idea of providing training via a 'virtual classroom' and I would appreciate your feedback on this idea. You can read about our plan and provide feedback from this web page.

Article, news and updates below.

Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow.com
3 Ways That The Wrong Plan Really Costs You

This month's article tells the story of a company where their spare parts inventory management approach had effectively been on 'auto pilot' since an update to SAP. New initiatives in their maintenance program then exposed some spare parts management issues and the company found that uncertainty and confusion resulted in them having the wrong plan. This cost them more than just time and money. 

Follow this link to read their story and how they resolved their problem to make sustainable and meaningful change to their systems. 
http://sparepartsknowhow.com/3-ways-that-the-wrong-spare-parts-management-plan-can-really-cost-you/


RMC Appoints SparePartsKnowHow.com as Approved Training Partner

Our big announcement this month was that the Reliability and Maintainability Center (RMC) at the University of Tennessee, Knoxville has appointed SparePartsKnowHow.com as an approved training partner for its Reliability & Maintainability Implementation Certification (RMIC) program.

This recognition by the University of Tennessee means that anyone who completes the Spare Parts Management Certificate course at SparePartsKnowHow.com, and registers through the RMIC program, will receive course credit towards gaining and maintaining their Reliability and Maintainability Implementation Certification.

Great news for everyone seeking to advance their career with a university recognized qualification!

Here is a link with all the detail

http://sparepartsknowhow.com/university-tennessee-certification/
Spare Parts Inventory Management Tip
When setting your spare parts ROQ don't rely on the standard EOQ/ROQ formula.
The Solutions Network

The Solutions Network introduces you to companies and organizations that I know and trust.  If you have plans for any spare parts management related initiatives this year then reduce your risk by contacting me for an introduction to a provider (via return email is easiest). Or for specific solutions follow the links below. 

Data Management and Cleansing
sparesFinder: helps companies solve materials data challenges and provides the tools needed to deliver significant savings beyond data cleaning.

Reliability and Maintenance Education
The Reliability & Maintainability Center (RMC) at the University of Tennessee, Knoxville, provides comprehensive programs of eduction in reliability and maintenance practice.

Conferences 
MAPS Conference: the most comprehensive event for spare parts and MRO professionals in the USA. Look out for this year's conference in September!

Spare Parts Management Consulting
Initiate Action: my company for providing consulting and training services specifically targeting spare parts management.

Books
Smart Inventory Solutions is a leading book on spare parts inventory management - available at Amazon.com. 

Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
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