I am sure that you have heard the saying, ‘what gets measured, gets managed’. Essentially this tells us that people will focus on the things that are reported.
This measurement should provide the feedback loop required to know if you are on track to reach your targets and whether any adjustments are helping or hindering. But that is not always the case.
There are two other related expressions that I like, ‘not everything that can be measured matters’ and, ‘not everything that matters can be measured’.
Despite these expressions originating from leading thinkers (Drucker & Einstein), favouring one over the others can result in measuring the right thing with the wrong metric.
Unfortunately, this is the case with many of the spare parts inventory metrics that companies use and this the number one problem with spare parts inventory metrics.
Changes to Membership Options
Recently we announced two key changes to the options for membership at SparePartsKnowHow.
- We no longer apply an automatic renewal to new members.
- We have introduced a new ‘short course’ membership.
This new flexibility will make it easier for everyone to get access to the know-how they need to improve their careers and achieve their spare parts management goals. You can get your certificate, get ongoing support, or get both. The choice is yours.
New Orientation Video
If you are not yet a full member and you are wondering just what's available when you join, then you should watch our new orientation video.
Links to our most recent articles are below.
