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Spare Parts Inventory Management


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Table of Contents

iC* PART 1: The Spare Parts Management System: Your Management Systems Either Are Designed or Evolve Randomly;What are MRO and Spare Parts?; Why Spare Parts are Different (from Other Inventory Types); Five Common Supply ChainTechniques That You Should Not Use for Spare Parts Management; The Number One Problem with Spare Parts InventoryManagement; The Big Picture-Putting Spare Parts Management in Context; Maintenance Alone Won't Solve Your Spare PartsProblems; Spare Parts Management Requires Collaboration, Not Just Cooperation; Financial Considerations; Follow the Money-Accounting for Spare Parts; The Key Elements of a Spare Parts Management System; A Quick Word on Multi-echelon Systems;Inventory Prevention; Spare Parts Inventory Management Policies; Categories; Procedures; Developing a Spare Parts Identification System; Best Practice Spare Parts Management Research; The Best Practices that Make a Real Difference; 10 Key Lessons: The Spare Parts Management System.iC* PART 2: Create and Stock: Introduction; Deciding What to Stock; The Pros and Cons of Spare Parts Standardization; CapitalEquipment and the Spare Parts First-Time Buy; Spare Parts and Criticality; A Practical Method for Setting Spare Parts HoldingLevels; 10 Key Lessons: Create and Stock.iC* PART 3: Operations: The Longest Part of the Cycle; Forecasting Spare Parts Requirements; Inventory Optimization; Managing Rotable and Repairable Spares; Storeroom Management; How to Achieve 100% Inventory Accuracy-A Preventive Approach; The Practical Application of Bar Codes; Materials Data Management and Cleansing; Integrated Maintenance and Spare Parts Planning; Spare Parts Procurement Issues; 10 Key Lessons: Operations.iC* PART 4: Obsolescence and Disposal: Obsolescence and Disposal is Part of the Life Cycle; Managing Obsolescence;Managing End of Life and Last-Time Buy; Spare Parts Disposal; 10 Key Lessons: Obsolescence and Disposal.

About the Author

Phillip Slaterhas more than 22 years of business improvement experience. While the last 12 of these have been spent in operations and management consulting, the first 10 were spent hands on in industry learning by direct experience. It was during this time, and by learning from both his successes and failures, that Phillip developed many of the approaches that his company, Initiate Action, applies today. Based on his experience, Phillip has authored a number of management books includingA New Strategy for Continuous ImprovementandSmart Inventory Solutions. Over the course of his career Phillip has worked in at least a dozen countries and across most industries. He presents training courses for APICS, is a member of the Australian Institute of Company Directors and The National Speaker s Association of Australia. Selected operational improvement achievements include: * As a manager, taking an underperforming manufacturer to be the profit leader in its group of companies* Assisting a client to achieve more than 20% in operational cost reduction* Assisting other clients to achieve tens of millions of dollars of operational improvements* Assisting a client to achieve a 42% reduction in inventory* Assisting other clients to release millions of dollars in cash from excess inventoryFor the past five years Phillip has donated his time as a Non Executive Director for Yooralla, one of Australia s leading disability service providers.In addition to his operations improvement consulting work, Phillip is also available for corporate speaking and training. "


"Phillip Slater is a true expert who brings the issues involved in spare parts inventory management to the public attention constantly. A complete, clear, well supported, and practically applicable guide, Spare Parts Inventory Management: A Complete Guide to Sparesology(R) is a must-read for those who decide on spare parts inventories."- Jurgen Donders, Partner, Gordian Logistic Experts,; "Slater sticks with proven systems and best practices born out of real-world experience. As timely as it is useful, Spare Parts Inventory Management: A Complete Guide to Sparesology(R) is a 'dirt under the nails' guide that translates just as well in the boardroom as in the parts storage cribs." - Russ Thompson, M3 ERP Functional Consultant, Avaap USA (

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