Subject: Spare Parts Stocking Policy Development

Spare Parts Stocking Policy Development
Hi Friend,

This month's newsletter theme is: Spare Parts Stocking Policy Development.

So, if you have a policy that doesn't deliver the outcomes you want then you need to pay attention.

If you don't have policy at all then you REALLY need to pay attention!

You see, the cornerstone of a functional spare parts inventory management system is an appropriate suite of spare parts inventory management policies.

And the most critical of these is the Spare Parts Stocking Policy. This will guide the decision-making on what to stock and how many to stock.

The feature article for this edition is: Creating Effective Spare Parts Stocking Policies 
This article explains the four constraints that prevent spare parts stocking policies from being effective.

This month's feature video is: The One Question You Need Ask with Spare Parts Inventory Management. Spoiler alert: it relates to your stocking policy!

Scroll down for the links.

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: Creating Effective Spare Parts Stocking Policies 

This article explains the four constraints that prevent spare parts stocking policies from being effective.

Read the article here >> http://bit.ly/EffectiveStockingPolicies
Feature Training: Team Training Delivers 3X Results

Our direct experience is that companies that formally train teams in spare parts management achieve 3X the result of those that don’t.

Learn more >> http://bit.ly/SPKHTeamTraining
Vendor Directory: Spare Parts Management Training, Software, Procurement, and Services

If you need to identify suppliers of spare parts management training, products, procurement, software, and services then please visit our Vendor Directory. 

Review the directory here >> http://bit.ly/VendorD
Feature Video: The One Question You Need Ask with Spare Parts Inventory Management

There is one question you need to ask with spare parts inventory management and unfortunately most companies don’t ask this question. This video explains what this question is and why it is important?

Watch here >> http://bit.ly/OneQVideo
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 2020-03-10. Report abuse