6014 - Spare Parts and Inventory Optimization for Reliability

To carry out their work, maintenance personnel need the right parts, in the right quantity, and available when required. When these three conditions are not met, the maintenance team has difficulty performing effectively and delivering the expected level of service.

Most companies have several million dollars worth of spare parts in stock in their storerooms, yet maintenance personnel frequently experience parts shortages or a lack of parts coded in the storeroom. On the other hand, the plant controller continually repeats that there are too many parts in stock and that it is necessary to work on reducing the inventory value. Does this sound familiar? Then this training is for you.

This training is dedicated to individuals who wish to understand and improve spare parts management processes and who seek to optimize collaboration and partnership between the storeroom and the maintenance team.

Following this training, the participant will be able to apply and put into practice in the workplace good practices in spare parts management and understand how to:

• Improve inventory accuracy
• Effectively manage repairable parts
• Use item classification (e.g. ABC)
• Identify critical items
• Establish a reorder point (the min)
• Manage surplus and obsolete parts