Phillip Slater

Spare Parts Inventory Management Specialist

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Inventory Optimization, Consulting and Training Results

inventory optimization
 


Inventory Optimization


 
54% Inventory ReductionIndustry: Manufacturing
Location: Mexico
Result: 54% inventory reduction achieved in 6 months.
 
 


 
51% Inventory ReductionIndustry: Oil & Gas
Location: USA
Result: 51% inventory reduction identified and being implemented
 
 


 
51% Inventory ReductionIndustry: Manufacturing
Location: Mexico
Result: 51% inventory reduction achieved in 6 months
 
 


 
49% Inventory ReductionIndustry: Steel Making
Location: Australia
Result: 49% inventory reduction over 3-4 years
 
 
 


 
44% Inventory ReductionIndustry: Oil & Gas
Location: USA
Result: 44% inventory reduction identified and now being implemented
 
 
 


 
40% Inventory ReductionIndustry: Manufacturing
Location: Australia
Result: 40% inventory reduction over 2-3 years
 
 
 


 
37% Inventory ReductionIndustry: Manufacturing
Location: Bangladesh
Result: 37% inventory reduction achieved in 6 months
 
 
 


 
36% Inventory ReductionIndustry: Wholesale Spare Parts Supply
Location: Australia
Result: 36% inventory reduction and $24M cash flow benefit over 14 months
 
 
 


 
33% Inventory ReductionIndustry: Rolling Mill
Location: Australia
Result: 33% inventory reduction over 2 years
 
 
 


 
25% Inventory ReductionIndustry: Pulp & Paper Mill
Location: Australia
Result: 25% inventory reduction over 2-3 years
 
 
 


 
24% Inventory ReductionIndustry: Manufacturing
Location: Turkey
Result: 24% inventory reduction achieved in 6 months, a further 12% expected over the next 12 months
 
 


 
23% Inventory ReductionIndustry: Oil & Gas
Location: India
Result: 23% inventory reduction over 2-3 years
 
 
 


 
22% Inventory ReductionIndustry: Manufacturing
Location: China
Result: 22% inventory reduction achieved in 6 months a further 15% to be delivered in the next
 
 
 


 
21% Inventory ReductionIndustry: Manufacturing
Location: New Zealand
Result: 21% inventory reduction over 2-3 years
 
 
 


 
19% Inventory ReductionIndustry: Oil & Gas
Location: Malaysia
Result: 19% inventory reduction over 2-3 years
 
 
 


 
17% Inventory ReductionIndustry: Pulp & Paper Mill
Location: New Zealand
Result: 17% inventory reduction over 2-3 years
 
 
 


 
16% Inventory ReductionIndustry: Oil & Gas
Location: Indonesia
Result: 16% inventory reduction over 2-3 years
 
 
 


Industry: Government Authority
Location: USA
Result: Inventory reductions enabled the closure of outside storage, saving $625k over 5 years.
 


 
Industry: Power Generation
Location: Australia
Result: 52% of opportunities (by value) resulted from improvements in spare parts planning. Without using the ICR this company would have missed more than half of the full opportunity identified!.
 


Consulting


 
Inventory OverstockingIndustry: Petrochemicals
Location: Australia
Result: Identified process improvements to reduce overstocking equal to 15% of inventory value.
 
 


 
Inventory Management ProfileIndustry: Oil & Gas
Location: Qatar
Result: Identified strengths, weaknesses and actions required to improve performance.
 
 


 
Summary by Review SectionIndustry: Pharmaceuticals
Location: USA
Result: Identified strengths, weaknesses and actions required to improve performance.
 
 
 


 
Performance Comparison by Survey QuestionIndustry: Oil & Gas
Location: Malaysia
Result: Identified strengths, weaknesses and actions required to improve performance.
 
 


 
20% Inventory ReductionIndustry: Power Generation
Location: USA
Result: Identified opportunity for $8M inventory reduction.
 
 


 
Industry: Manufacturing
Location: Australia
Result: Alignment of systems and accountability across 13 locations providing improved control of inventory spend.
 
 


Training


 
Industry: Oil & Gas
Location: UK
Result: Multi-day spare parts inventory management and optimization training program targeted at Asset Management personnel.
 


 
Industry: Government Authority
Location: USA
Result: From this training the client identified inventory reductions enabling the closure of outside storage, saving $625k over 5 years.
 


 
Industry: Oil & Gas
Location: USA
Result: Multi-day spare parts inventory management training program for procurement and asset management personnel.
 


 
Industry: Oil & Gas
Location: Singapore
Result: Multi-day spare parts inventory management training program for procurement and asset management personnel.
 


 
Industry: Oil & Gas
Location: Malaysia
Result: Multi-day spare parts inventory management training program targeted at Asset Management personnel.
 


 
 


For a full listing of my services please visit the services page.


 
 

Connect with Experts

For services that I don’t provide directly I am happy to make introductions to people that I know and trust. I call this my Trusted Network.

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Online Training at SparePartsKnowHow.com

The Pro Level spare parts management program will equip you with the know-how and skills to effectively optimize and manage all aspects of your spare parts inventory.

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Books by Phillip Slater

Books by Phillip Slater

Connect with Phillip Slater

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Initiate Action Pty Ltd
P.O Box 628
Moonee Ponds 3039
Australia

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