Effective Spares part management - Initial planning, procurement, cataloguing & inventory reduction
31 Oct - 04 Nov, 2016 Perth , Australia AUD 4399 Closed
28 Mar - 01 Apr, 2016 Bangkok, Thailand SGD 4299 Closed
Following information: Venue at Bangkok, Thailand | Training Date from 28 Mar 2016 till 01 Apr 2016
Early Bird Discount
Standard Price
5 day/s
SGD 3899 Purchase it before 15 Feb 2016
SGD 4299
Topic 1 – Initial spares part planning & procurement (2 Days)
Topic 2 – Optimizing Maintenance spares inventories – Using a 16 point of action. (3 Days)

Initial spares part planning & procurement:
How to improve the effectiveness of the initial spares planning process for new equipment, the benefits more costs effective purchasing of initial spares to minimize costs and the number of items purchased. The covers the process from initial specification through to handover to the operations phase of the life cycle.

Optimizing Maintenance Spares Inventories - Using a 16 point action Plan
Use Successful methods and analysis techniques to effectively reduce inventory and costs of spares part.
Initial spares part planning & procurement:
  • What is required under ISO55000 to manage the initial spares procurement process
  • Why existing RSPL/SPIR forms are ineffective
  • How to rationalize initial spares procurement using MS Access
  • How to challenge vendors spares recommendation and specify inventory parameters
  • The importance of assigning a spares criticality
  • How to select stocking strategies to minimize stock holding
  • How to justify the financial case for high value spares
  • KPIs to measure inventory performance
Optimizing Maintenance Spares Inventories - Using a 16 point action Plan
  • Establish the right inventory policy for fast and slow moving parts and high value long lead time spares.
  • Good practices related SPIR forms.
  • Understand how to estimate initial stock.
  • Select safety stocks scientifically.
  • Determine how to set reorder levels and order quantities for optimum cost.
  • Identify what are the strategies to minimise stock.
  • Justify the financial case for high value spares and what are the risk of not stocking and how many should we stock.
  • Improving your cataloguing process.
  • Learn how to measure inventory performance.
  • Explore and apply what can be done with in-house and what can be done with specialist software.
  • Take away material - An innovative revised SPIR sheet to aid in setting inventory management system,
Initial spares part planning & procurement:
  • Common Issue with initial spares.
  • Initial spares planning & procurement process.
  • Effective Recommended Spare Parts List (RSPL) from Vendors 
  • Building the spares information data base (spares set up)
  • Building the SPIR build & tracking tool.
  • Deciding Whether to Stock
  • How to Challenge Vendors Recommended Quantities 
  • Converting Annual Demand Rates to Inventory Control Parameters
  • Completing the CMMS Spares Build
  • Insurance Spares & Their Evaluation
Optimizing Maintenance Spares Inventories - Using a 16 point action Plan

  • Introduction to stock optimization.
  • Class, Type and strategies and CMMS Part set.
  • Effective SPIRs and cataloguing.
  • Spares costs.
  • Introduction to failure statistics
  • Should we stock ?
  • When to order (Setting of Re-order points, safety stocks)
  • How many to order ?
  • Establish Optimum spares parameters for new equipment
  • Evaluate the effectiveness of current stock policies
  • How to evaluate high value, insurance and strategic spares.

This training course is designed for:

  • Maintenance Managers, Engineers
  • CMMS super users
  • Warehouse Managers & Supervisors
  • Project Engineers
  • Spares & Inventory Personnel
  • Purchasing & Logistics
  • Managers
  • Purchasing
  • Planners
  • Materials
  • Project and Design Engineers who have an interest in how to minimize risk and costs of spare part inventories.
  • Engineers responsible for specifying, buying spares and setting up the spares information in the CMMS.

For details, information on facilitator and the full course outline, please refer to the complete brochure below.

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