Subject: Spare Parts Management Online Boot Camp

Spare Parts Inventory Management 
Online Boot Camp
Issue #175

Hi Friend,

Late last year I delivered, at a US conference, a half-day boot camp on spare parts inventory management that was both well attended and highly appreciated by the attendees.

Here is a comment from one attendee:

Phillip Slater’s boot camp provided all of us with hands on experience in techniques and tools to use to consistently identify and better manage spare parts inventory.
Missy Decker, PA, USA

Of course, attending the boot camp required attendees to be in a specific place on a specific day, which meant that many people missed out on their opportunity to learn the techniques.

So, to fix that, we have created the boot camp as an online training course. Now everyone can complete the course, learn the techniques and better mange their spare parts inventory! No matter where or when you want to learn.

The key topics covered include:
  • Inventory management basics
  • Why spare parts are different to other inventory types
  • Identifying critical spare parts
  • Determining the ROP and ROQ
  • 7 Questions to ask before deciding whether to stock an item
  • Spare parts management best practices
Like all of our courses, this boot camp is supported with online coaching, so you can ask for help at any time.

The estimated time commitment is 3.5 hours.
There is no extra fee for this training - it is included as part of the annual membership.
If you are interested in this course, you can read more (and see the program) at the Resource Center.

Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow.com
Better Spare Parts Management Starts Here
Spare Parts Inventory Management Tip #7
True inventory optimization is a function of process management not data analytics.
Free Articles and Video

Two Minute Tutorial: The Real Value From Reviewing Your Spare Parts Inventory
When companies create their spare parts inventory they use downtime reduction as a justification but when they review their inventory they don’t. They only include the cost of the inventory. In this Two-Minute Tutorial Philip Slater challenges this logic.

Even the simplest of spare parts, say an ‘O’ ring, has come to the possession of its end user through an extraordinary and complex chain of people and processes. This article explores the 'Invisible Hand of Spare Parts Inventory Management' and the many forces that influence the spare parts inventory management life cycle.
SparePartsKnowHow.com Recommends

Data Management and Cleansing
sparesFinder: helps companies solve materials data challenges and provides the tools needed to deliver significant savings beyond data cleaning.

Reliability and Maintenance Education
The Reliability & Maintainability Center (RMC) at the University of Tennessee, Knoxville, provides comprehensive education programs in reliability and maintenance practice.


New White Papers (Members Only)

7 Questions for Deciding What to Stock
Before deciding on how many of an item should be stocked the first question to ask is: Should the item be stocked at all? Download from the Inventory Management section.

Determining Spare Parts Criticality
One of the key causes of incorrect criticality assessment of spare parts is a failure to recognize that a spare part that is critical to the operation of a machine is not necessarily a spare part that must be held in inventory. Download from the Inventory Management section

A Practical Method for Determining Spare Parts ROP and ROQ
The standard inventory management theory does not provide realistic answers for determining the ROP and ROQ of spare parts inventory. This paper take you through a sure-fire, logical and practical approach that does. Download from the Inventory Management section


Initiate Action Pty Ltd, P.O Box 628, 3039, Moonee Ponds, Australia
You may unsubscribe or change your contact details at any time.