Subject Area: Inventory Management Training
Identifying the spare parts that are critical to your ongoing operations is perhaps one of the most important and yet least understood aspects of spare parts inventory management.
Many companies have a working definition of criticality, but it is too narrow to be of any real value. Others set parameters that don’t really reflect the critical nature of the parts. And some companies seem to have a ‘wait and see’ approach that only defines criticality after the event!
Effectively managing MRO and critical spare parts inventory requires an holistic approach that understands the full life-cycle of spare parts inventory management.
This extensive two-day spare parts inventory management workshop will enable you to implement a best-in-class approach for MRO and critical spare parts management.
This comprehensive workshop will cover:
• The uniqueness of spare parts management
• Financial considerations
• Metrics and reporting
• Policies and procedures
• Managing rotable and repairable spares
• Best practices
• Deciding what to stock
• Capital equipment and first time buy
• Identifying and managing critical spares
• Setting the Re-Order Point (ROP) and Re-Order Quantity (ROQ)
• Inventory optimization
• Managing obsolescence, end of life, and last time buy
The workshop is interactive, includes a 45 page workbook, exercises and plenty of time for your questions.
‘Must Know’ Training
Perfect entry level for people new to spare parts management. Also suitable for those with experience who want to refresh or confirm their expertise.
The Advanced Spare Parts Management Course
For those who need to go deeper and broader. Ideal if your goal is to update your company’s approach and systems for spare parts management.
The Pro Level Program
With access to all our key resources, a Pro Level membership will equip you with the know-how and skills to become a ‘thought leader’ in spare parts inventory management.
Online Boot Camp
A live, online, interactive, team-based delivery of our Basic Training course designed to provide your team with a common understanding of the basics of spare parts inventory management.
All of our training comes with on-demand online support to answer any questions relating to the application or our content.