OVERVIEW

If you owned the maintenance operation as a business, what would you do differently?

Many organisations do a bad job of managing their inventory effectively; and there are many reasons for this. It usually starts with bad submission of SPIRs, cataloguing and selecting initial spares. This masterclass cover optimising spares for new facilities as well as how to evaluate existing inventory systems and KPIs for evaluating performance.

This practical workshop covers aspects related to reducing inventory and costs of spare parts and is supported by case studies, software and practical exercises to aid understanding. There are very few courses conducted that deal with the practical issues of spares cataloguing and optimising spares. Upon completion of this Masterclass, delegates will leave the workshop with tools and techniques that they can immediately apply in their own companies and start to reduce costs.

An Excel Analysis worksheet containing all formulae will be provided to conduct the analysis. Two analysis techniques will be covered; first using probability for normal operating and consumable spares and the second using simulation (modelling) techniques for high value spares with logistic issues.