Subject: The Spare Parts Management Planning Horizon

The Spare Parts Management Planning Horizon
Hi Friend,

What time frame do you think about when determining what to stock in your inventory?

Many people will say, ‘Well the equipment will be running for years, so I need to have spares available for years’, but while that may be true, it is not a really a key driver of the stocking decision.

To make an appropriate decision you need to think about what I call the planning horizon.

The spare parts management planning horizon is the time between when you know that you’re going to need the part and when you can get the part available for use.

Our new video explains the planning horizon and how it is critical to guiding the decision on whether or not to stock an item.

Scroll down for the link.


Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow

Demystifying Spare Parts Inventory Management
Feature Video: The Spare Parts Management Planning Horizon

The spare parts management planning horizon is the time between when you know that you’re going to need the part and when you can get the part available for use. 
In this short video Phillip Slater explains.
On-Demand Webinar: Materials Master Data Maturity

This recent webinar is now available on-demand.

In this webinar, Sphera MRO will explain their new 'maturity assessment' tool and how you can use it to identify improvements that will reduce your operational risk. 
Vendor Directory: What Are you Looking For?

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

Feature Training Course: The Basics of Spare Parts Management

This course course teaches you how to identify critical parts, and set ReOrder Points (ROP) and ReOrder Quantities (ROQ).

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
Spare parts management specialist and consultant.
Author of Spare Parts Inventory Management and Founder of SparePartsKnowHow
http://bit.ly/phillipslater

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 2019-11-20. Report abuse