Demystifying Spare Parts Inventory Management
Consultant – Best Selling Author – Conference Speaker – Corporate Trainer
The reason that managing spare parts inventory can seem so difficult is actually quite simple:
Spare parts inventories don’t follow the usual rules of supply chain and inventory management.
This is why you can’t seem to get the balance right, despite having access to your ERP and other software.
Not understanding the ‘rules’ of spare parts management results in:
- Excessive spare parts inventories
- Under-achievement of optimization goals
- High parts costs
- Poor levels of availability
- Incorrect classifications
- High levels of obsolescence
- Projects that stagnate and fail
You can solve these problems – you just need to know the right rules.
Phillip applies his deep expertise in spare parts management to help asset-intensive companies achieve significant savings in spare parts inventories and procurement spend, while delivering superior operational and inventory management results. (Click here for testimonials.)
On Average, Phillip’s Inventory Reduction Programs Achieve a 37% reduction in Spare Parts Inventory, Working Capital and Procurement Savings
On Average, Phillip’s Inventory Reduction Programs Achieve a 37% reduction in Spare Parts Inventory, Working Capital and Procurement Savings
Whether or not you already use software optimization tools, or have previously worked through a program of spare parts optimization, engaging Phillip to help you apply the Inventory Cash Release® Process will help you to achieve greater savings and sustainable results.
The data is clear: Phillip Slater outperforms other resources by a factor of 3:1
Read of Phillip’s success with other companies.
For information on Phillip’s online training service please visit SparePartsKnowHow.com
MRO Data Governance and Cleansing
Sphera’s MRO (formally SparesFinder) offers a range of connected, cloud-based software solutions that build and maintain accurate, accessible, and reliable spare parts data. This includes a cloud-based governance solution that helps businesses effectively govern their MRO Material Master Data on a global scale. Read more…
MRO Parts Procurement Services
V-LINE GROUP is a world leader in the provision of procurement services and solutions that transform the way businesses manage their supply chains. V-LINE helps companies manage the complex activities of MRO and spare parts procurement and management. Read more…
Inventory Optimization Software
Right Sized Inventory uses patented inventory-optimization predictive analytics technology to analyze your supply chain and establish best target inventory levels. Read more…
Reliability and Maintenance Education
The Reliability & Maintainability Implementation Certification (RMIC®) at the University of Tennessee, Knoxville, provides the basic foundation of R&M knowledge and offers the flexibility to include the specific training that you need. Read more…
Spare Parts Inventory Management Consulting
Phillip Slater is a Spare Parts Management and MRO Specialist, with more than 30 years’ experience and a career-long focus on improving business performance. Phillip is a consultant, author, trainer, and conference speaker. Read more…
Spare Parts Inventory Management Training, Resources, and Support
SparePartsKnowHow.com: The most comprehensive online resource dedicated to spare parts inventory management. Visit the Welcome page to read more…
