Subject: Questioning the Purpose of Holding Spare Parts

Questioning the Purpose of Holding Spare Parts
Hi Friend,

Over the 35 years of my career I have learned to ask one question whenever someone suggests a new idea or action to implement.

The question is: For what purpose?

The technique is a way to test if there is alignment between a suggested idea or action and the desired outcome. That is, will the idea/action really drive the desired outcome.

Not only will this force the clarification of thinking, but it can also save you lots of time and money chasing actions that won’t deliver your desired outcomes.

There are four responses to the ‘For what purpose?’ question and these are the subject of this month's newest article.

You can read the article using this link http://bit.ly/SparesPurpose

Then try out the technique.

For example: Should you have all storeroom personnel complete our Basics of Spare Parts Management Certificate Course?

For what purpose?

In order to ensure that everyone understands the same set of 'rules' for spare parts management so you will be able to more consistently identify critical spare parts and make more optimal ROP and ROQ decisions.

See how the action and desired outcome align?

Scroll down for the article on understanding the 'rules' of spare parts management.

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?

The management of spare parts is no different to any other management activity: to be successful it is important that you understand the ‘rules’ that govern success.

Read the article here >> http://bit.ly/SparesRules
Feature Training Course: The Basics of Spare Parts Management

This course course teaches you how to identify critical parts, and set ReOrder Points (ROP) and ReOrder Quantities (ROQ).

Learn more >> http://bit.ly/BasicsCert
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
On-Demand Webinar: Materials Master Data Maturity

This recent webinar is now available on-demand.

In this webinar, Sphera MRO will explain their new 'maturity assessment' tool and how you can use it to identify improvements that will reduce your operational risk. 

Watch here >> http://bit.ly/SMROWeb
Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
You may unsubscribe or change your contact details at any time.

    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 2019-12-04. Report abuse