A Snapshot Review is a spare parts management health check that will deliver a plan to improve your spare parts management outcomes.
A Snapshot Review is a search for the truth. Not a universal truth but a specific truth. The truth about your company and what it needs to do to reach its goals at that time and in the current circumstance.
The review will uncover the strengths and weaknesses in your spare parts management processes and systems and then identify the constraints that limit your company’s ability to achieve your spare parts inventory management goals.
From this, a plan for achieving your goals is developed.
The goal of a Snapshot Review is to answer three key questions:
- What are the ‘root causes’ of the current spare parts management issues?
- Which potential actions will have the most impact on improvement but also deliver sustainable outcomes?
- What is the logical sequencing of actions to deliver the desired outcomes?
In order to gain a thorough understanding of your specific situation a Snapshot Review involves:
- Interviews with key team members
- Data analysis to identify the priority issues with your current inventory holdings
- Benchmarking of your company against our database of +120 companies
- Application of our Best Practice Matrix – tool that will let you know where your REALLY stand!
- An on-site review – conducted either in person or ‘virtually’ utilizing video services such as WhatsApp or FaceTime
- Policy analysis to examine both the content and the coverage of your policies
- ‘Swim lane’ analysis of processes that are shown to have the greatest impact on your results
- SWOT analysis identifying Strengths, Weaknesses, Opportunities, and Threats
- Root Cause Analysis – all of the above feeds into an RCA, which summarized the factors driving your root causes
A Snapshot Review can be delivered safely, efficiently and effectively utilizing a range of internet-based tools and techniques.
A Snapshot Review can be delivered safely, efficiently and effectively utilizing a range of internet-based tools and techniques.
Interviews can be completed using online tools such as Zoom or GoToMeeting. In some circumstances phone interviews are utilized.
All analysis is completed from our office.
On commencement of a Snapshot Review we will advise of the full data requirements
Please note: If circumstances allow, we can include a site visit into the review program. However, in most circumstances this is not necessary for the successful review and analysis.
These reviews can usually be completed in 6-8 weeks. The main determinant of time is the availability of your team and data.
A Snapshot Review will deliver the following:
- Detail of the results of each analysis.
- Specific recommendations on the actions that your company should pursue to achieve its inventory management goals.
- Prioritization and sequencing of the actions.
- A high-level roll-out plan that will be specific in terms of sequence and importance.
This is a structured and proven program of work that will provide a plan for the required changes and improvements.
Phillip Slater used his Snapshot Review process to create a framework for improving our materials management. Phillip’s input and guidance was key factor in helping us move from where we were to a greatly improved environment.
Pam Godden
Corporate Services Manager
V/Line Transport
You might also be interested in the article on Creating Effective Spare Parts Stocking Policies at our online training website SparePartsKnowHow.com
