Subject: The Catch-22 of Spare Parts Inventory Optimization

New Article: The Catch-22 of Spare Parts Inventory Management
Issue #189

Hi Friend,

Have you ever felt stuck in a negative cycle? You know that situation where you keep working on something but it doesn't seem to really improve and you can't seem to find a better way. Usually people in this situation just keep working harder and harder while hoping that something will give and they will get a break. Sometimes they manage this situation by setting targets that are tangential to their real goal or that feel like a stretch to them but really aren't.

This is what I am going to call the Catch-22 of spare parts inventory optimization and is the topic of the latest article and video at SparePartsKnowHow.com


Dates for Next Instructor-Led Training Announced  
Our next Instructor-Led course is now scheduled to start on June 27th.
The advantages of the Instructor-Led program are:
  • You get the highest level of interaction and support for any of our online training
  • You get the opportunity to network online with other practitioners and find out what others are doing
  • The course is completed within 3 months - so you get qualified fast
  • The content covers all aspects of spare parts inventory management
  • When you pass all modules, you will be awarded with the Spare Parts Management Certificate.
Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow.com

This month's newsletter is brought to you by the book: Spare Parts Inventory Management
This new book addresses the key matters faced during the entire life cycle of spare parts inventory. This is described by the term Sparesology® – a short-cut term for the discipline of optimizing the physical, financial, process, and human resource management of spare parts.

Thanks to this book my job is now made easier
Ilyas Ateiza
Stores Manager – Engineering
APM Terminals

Latest Articles and Videos

How Do You Know That Your Spare Parts Warehouse/Storeroom Personnel and Managers Are Qualified?
When you hear that someone has a job that carries significant responsibility for the expenditure of company funds, or that has the potential to significantly impact operational outcomes, it is reasonable to assume that they know and understand the intricacies of that function. Right?



7 Things That Every Senior Manager and CFO Should Know About Spare Parts Management – Part 7
Over the course of this series I have provided articles relating to spare parts operations and inventory management issues that I think ought to be of interest to senior managers and CFOs. The issues discussed are not operational but rather they relate to the business impact of spare parts inventory management decisions, which is usually under-estimated by senior management. The final article in this series is: Transforming Your Spare Parts Operations Requires C-Level Engagement, Not Just Support.



Corrosion Protection of Spare Parts

Too often when I visit storerooms around the world I see components that are held as spare parts but where corrosion has, in some cases, ruined the part. Or at least made it unfit for use – which in practical terms is the same thing. In far too many storerooms, corrosion is largely ignored and it may only be when someone comes to need the part that the corrosion gets any attention.


What is a Spare Parts Numbering System?

A spare parts numbering system is a way to differentiate items within your spare parts inventory without constantly referring to long descriptions. It is short-cut for spare parts identification.

This article and video addresses the need for a 'system' and the differences between 'intelligent' and 'dumb' systems.

For SparePartsKnowHow.com members there is an extended version of the article that is downloadable as a PDF file.


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.


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