Subject: Do You Really Understand Spare Parts Management?

Do You Really Understand Spare Parts Management?
Hi Friend,

Continuing our monthly themes for our newsletter, this month's theme is: Understanding Spare Parts Management.

Even among practitioners, it is not sufficiently recognized that the management of spare parts and the management of other inventories appear similar but are actually quite different.

To be clear, I am addressing here the management of spare parts held by a company for the operational and maintenance support of their own equipment.

This month's feature article is titled, Management of Spare Parts, Are You Using the Right Set of Rules?
Using sporting analogies, the article makes the point that, what may appear to be subtle differences can actually have great impact.

This month's feature video discusses the categorization of fast and slow moving inventory.
Is this a useful categorization? Watch to find out.

Scroll down for the links.

Transparent Collaboration: The Future of MRO Procurement

Late last month we featured an interview with Mr. Detlef Dause in which we discussed the future of MRO procurement.

It is a longer read than usual but very insightful.
In case you missed it, here is a link: http://bit.ly/transparentcollaboration

Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow

Demystifying Spare Parts Inventory Management
The Spare Parts Alliance
Connecting you to suppliers that you can trust.
A leader in the provision of procurement services. Helping companies manage the complex activities of MRO procurement and logistics.
http://bit.ly/v-linegroup
Sphera's MRO offers a range of connected, cloud-based software solutions that build and maintain accurate, accessible, and reliable spare parts data.
http://bit.ly/SpheraSF
Provides comprehensive education programs in reliability and maintenance practice.
Based at the University of Tennessee, Knoxville.
http://bit.ly/RMICUT
Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. http://bit.ly/RSI_SPKH
Spare parts management specialist and consultant.
Author of Spare Parts Inventory Management and Founder of SparePartsKnowHow
http://bit.ly/phillipslater
Feature Article: The Management of Spare Parts: Are You Using the Right Set of Rules?

For effective spare parts management it is important that you understand the 'rules'. Using sporting analogies, the article makes the point that, what may appear to be subtle differences can actually have great impact.

Read the article here >> http://bit.ly/S_P_Rules
Feature Training: Full Access and Support Program

Do you want access to everything we know about spare parts management. PLUS one-to-one support? Then join the most comprehensive and unique spare parts management training available today.

Learn more >> http://bit.ly/FullAccessSupport
Vendor Directory: What Are you Looking For?

If you need to identify suppliers of spare parts management related training, products, procurement, and services then please visit our Vendor Directory. 

Review the directory here >> http://bit.ly/VendorD
Feature Video: Fast and Slow Moving Inventory (Video)

Do you label your spare parts inventory as fast and slow moving? 
If you do, then I think that you are wasting your time. 
Watch the video find out why.

Watch here >> http://bit.ly/FastSlowVideo
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
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    This is an online snapshot of a newsletter created by the owner of SparePartsKnowHow.com Subscriber (Initiate Action Pty Ltd, P.O Box 628, 3039 Moonee Ponds, Australia) and sent via GetResponse on 2020-02-12. Report abuse