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Issue # 160
Hi Friend,
Last week I attended and spoke at the MAPS conference in Louisville, Kentucky and it was great to see so many people focusing on spare parts management. As I am sure you can imagine I have attended a lot of conferences over the years, all over the world, and never have I see anything like MAPS.
Yes, there are conferences that dabble with spare parts management (usually maintenance and reliability conferences) and there are 'after market' conferences that deal with OEMs and distribution. Sometimes supply chain conferences include one or two spare parts related presentations. But MAPS dealt exclusively with spare parts used for maintenance and operational support. Every session, every speaker, every attendee, focussed on this vital resource. Fantastic!
This was the first MAPS conference and I have no doubt that this will become THE conference for anyone involved in spare parts management.
Recently at SparePartsKnowHow.com we also posted a major new white paper on spare parts obsolescence - see below for details.
Keep on improving,
Phillip Slater
Founder, SparePartsKnowHow.com |
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Updates From the Blog - Currently on Open Access
It is inevitable that any spare part will, at some point, become obsolete. This article explains the two main mechanisms that lead to obsolescence and what they mean to the spare parts manager. For SparePartsKnowHow.com Members there is a full white paper explaining how to plan for and manage obsolescence including: - The difference between spare parts and service parts
- The management of Last-Time-Buy (LTB) and End-of-Life (EOL)
- An EOL plan case study
- 7 considerations for EOL and LTB
- An example LTB calculation
- The relationship between obsolescence and the First-Time-Buy
What if the metric that you rely on doesn't actually tell you what you think it does? This 2-minute video tutorial discusses the stock turn metric and how some companies misinterpret this important spare parts metric.
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| | The Solutions Network
The Solutions Network introduces you to trusted providers of spare parts management tools and services.
For an introduction to a trusted provider please contact me via return email 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.
Conferences and Related Training MAPS Conference: the most comprehensive event for spare parts and MRO professionals in the USA. Look out for next year's conference in September!
Media and Information
Spare Parts Management Consulting and Training Initiate Action: my company providing consulting and training services specifically targeting spare parts management.
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