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Hi Friend,
Earlier this month I released a great new download showing a roadmap for spare parts inventory optimization success.
This road map shows the process that I have applied at companies world-wide in spare parts inventory optimization (and reduction) programs. These programs have delivered extraordinary results for my clients.
What will you find in the road map?
- The five key activities for achieving lasting results
- The specific order in which to execute these activities for greatest effect
- The process that is the foundation of successful inventory optimization training
- The 18 actions that under-pin the journey
- The single action that moves inventory optimization from being ‘a project‘ to ‘how you do business‘
Now you can download the road map for your own reference.
Just follow this link. http://sparepartsknowhow.com/find-achieve-spare-parts-inventory-optimization-success/#.Vrqqj8faDLQ
Below is this month's new article.
Keep on improving,
Phillip Slater
Founder, SparePartsKnowHow.com
3 Questions to Ask About Spare Parts Standardization
Spare Parts Standardization: An Enduring Debate
Whether or not to standardize equipment and spare parts is one of the enduring debates of engineering, maintenance and spare parts management. On the one hand, standardization is said to lead to improved operating and manpower efficiency, as well as reduced inventories; on the other hand, not standardizing is said to enable companies to take advantage of technical developments and innovation. One thing that is certain is that the impact of explicit pros and cons are hard to quantify and will be specific to the individual circumstance.
First, let’s define standardization. The Merriam-Webster online dictionary suggests a simple definition of standardize as: ‘to change things so that they are similar and consistent and agree with rules about what is proper and acceptable’.
Standardizing for spare parts management, usually means agreeing that a certain type/model of equipment will be used and with that the spare parts required for each installation will be the same. This is different to industry-wide standardization such as the use of metric nuts as bolts.
The Pros and Cons of Spare Parts Standardization
At SparePartsKnowHow.com we have a list of 12 pros and cons for spare parts standardization and this list demonstrates why the arguments for and against standardization are not straightforward: One of the pro’s is the potential for reduced parts costs and one of the cons is the potential for increased parts costs! How can both arguments be true? It all depends on the specific circumstance. (The full article on pros and cons is only available to SparePartsKnowHow.com members.)
Three Spare Parts Standardization Questions
In deciding whether or not to standardize on a particular type/model of equipment, and the associated spare parts, a detailed examination of the specific circumstance needs to be completed. This will include determining the real impact on your company of any change of policy and ensuring that the motivation for ordering non-standard equipment is justified. There are three key questions that you should ask >>>
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Phillip Slater Founder, SparePartsKnowHow.com |
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Data Cleansing and Management
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Books
Smart Inventory Solutions is Phillip Slater's most popular book. It takes the reader through an in-depth understanding of spare parts management and fully describes the Inventory Cash Release(c) Process. Read more. |
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