Creating the perfect balance between spare parts availability, working capital, and operational costs is a challenge in any maintenance environment. On this course you will be encouraged to control your maintenance and asset management spend by streamlining your spare parts processes and practices. This course uses state of the art, but simple illustrations, combined with practical methods and concepts to empower you in the workplace.
Spare parts management is a critical key performance area within asset management. The availability of spare parts for maintenance and repairs is crucial for the uptime and effectiveness of assets, but high spare parts availability comes at a cost. The challenge is to effectively balance spare parts availability, working capital and operational costs.
Classification of your spare parts is an important concept and in this course we investigate the most commonly used inventory control techniques. We will look at the importance of your spare parts management strategy and the shop floor processes required to control the store such as re-order levels and re-order quantities.
Classroom discussions, case studies and practical illustrations will be used to convey concepts that might otherwise seem complex. Expert facilitators demystify the theory for application, by learners, in their own environment.