Subject: Spare Parts Management Best Practice

Best Practice Month at SparePartsKnowHow
Hi Friend,

You will recall that this month has been designated as 'Best Practice Month' at SparePartsKnowHow.

To honor this, today I am including here links to a new video and a series of best practice articles.

This new video addresses how to define best practice.

I use a 'Stages of Excellence' approach.
My 'Stages of Excellence' tool defines four levels of practice across 25 different aspects of spare parts management. 

The video explains.

In a similar vein, I am providing today access to a series of articles explaining specific best practices that you should follow.

Start with the article Defining Best Practice for Spare Parts Management and then work your way through each of the 5 practices discussed.

Scroll down for the links.

Here's to best practice!

Stay safe.
Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow

Spare Parts Inventory Management Training
The Spare Parts Alliance
This newsletter is made possible with the support of our alliance members.
A leader in the provision of procurement services. Helping companies manage the complex activities of MRO procurement and logistics.
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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
NRI Industrial specializes in the management and sales of surplus spare parts. They provide solutions to recover value from overstock, surplus and obsolete inventory. 
https://bit.ly/NRISolutions
Provides comprehensive education programs in reliability and maintenance practice.
Based at the University of Tennessee, Knoxville.
http://bit.ly/RMICUT
Spare Parts Management Specialist and Consultant.
Author of Spare Parts Inventory Management and Founder of SparePartsKnowHow
http://bit.ly/phillipslater
Spare Parts Inventory Management Training, Resources, and Coaching for Individuals and Teams. Improve your spare parts management know-how.
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Feature Content
Feature Video: Defining Best Practice Spare Parts Management

This new video addresses how to define best practice. I use a 'Stages of Excellence' approach. My 'Stages of Excellence' tool defines four levels of practice across 25 different aspects of spare parts management. 

Watch here: https://bit.ly/3jbu4ph
Feature Article: Defining Best Practice for Spare Parts Management

Defining best practice for spare parts management can be tough. This article is the gateway to a series explaining 5 practices that you should pursue.

Read the article here: https://bit.ly/3lf1cyd
Feature Training: Elite Teams

The Elite Team membership at SparePartsKnowHow is a company-level membership that gives your team members access to all of our content and equips them with the know-how and skills to effectively manage all aspects of spare parts inventory.

Learn more here: https://bit.ly/3aSEJ5i
Feature White Paper: Procurement Outsourcing for Indirect Materials

MRO and indirect items have specific characteristics that impact the management of their procurement. This means that significant parts costs savings can be achieved through outsourcing.  This white paper explains. 

Download a copy here: https://bit.ly/3jcMu9a
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