Our Spare Parts Inventory Reduction and Optimization programs are action oriented. This is not just training, it is a project aimed at delivering a specific outcome: an operationally sustainable inventory reduction.
This program delivers superior results because it involves your team in learning new skills and taking ownership of the actions.
This is achieved through a three-part process:
- Training: Phillip will train your team in the Inventory Cash Release® Process. Typically this involves: a pre-training review, establishing a baseline for future measurement, and a five-day on-site program.
- Policy Development: During the training portion of the program your team develops guidelines and policies to help ‘future proof‘ your inventory decision making. Together, we then develop those guidelines into draft policies for your leadership approval.
- Application: Following the training, your team then applies the ICR® process to your inventory with Phillip’s supervision. This is where they make major inroads into achieving the target inventory reduction. Typically this involves 12 weeks of post-training implementation support. During the program there is monthly reporting, feedback on progress, and team access to the online resources at SparePartsKnowHow.com.
This hands-on approach ensures that your team ‘owns the outcomes’ and results in a genuine skills transfer that leaves them with the skills, knowledge, and confidence to continue using the techniques, without further assistance.
On average, Phillip’s programs achieve a 37% reduction in spare parts inventory.
A Spare Parts Inventory Reduction & Optimization Program typically requires 16 weeks to complete.
Contact us to find out more about this service and the applicability to your situation.
A multi-million dollar reduction in inventory was achieved without impact on availability and at the same time ‘best in class’ processes were established to ensure that this benefit is held into the future.
I would recommend Phillip Slater to anyone looking to achieve genuine, and lasting, inventory reduction results.
A multi-million dollar reduction in inventory was achieved without impact on availability and at the same time ‘best in class’ processes were established to ensure that this benefit is held into the future.
I would recommend Phillip Slater to anyone looking to achieve genuine, and lasting, inventory reduction results.
Kerrin Thomson
Supply Director
SCA Australasia
