Best Practices In Inventory & Spare Parts Management Course

1 day
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Location : Dublin

The course has been designed to appeal to those organisations which must ensure that Maintenance Spare Parts and Inventory is managed at optimum levels.

Overview

The lack of spares is at the heart of our down time problem

The course has been designed to appeal to those organisations which must ensure that Maintenance Spare Parts and Inventory is managed at optimum levels. It is particularly aimed at those who carry responsibility for managing and supervising the process of setting and managing maintenance inventory from stock creation through stock control and onto stock disposal. It is therefore suited to Maintenance Managers, Maintenance Team Leaders/Supervisors, Stores and Procurement personnel.

This course is also available as an on-site customised course

Participant Profile

The course will appeal to those organisations which require maintenance inventory to be managed in a way, which adds value to the business and its bottom line. The course has been designed to ensure that inventory is managed at optimum levels. It is particularly aimed at those who carry responsibility for managing and supervising the process of setting and managing maintenance inventory from stock creation through stock control and onto stock disposal. It is therefore suited to Maintenance Managers, Maintenance Supervisors and Stores Supervisors/Personnel.

Trainer Profile

Brian Matthews is a senior Consultant and a Course Leader who is well qualified in a wide spectrum of areas covering Management Development, Kaizen/Continuous Improvement, Lean Manufacturing, Logistics, Supply Chain Management and Production Planning. He has been extremely successful working with multi-national organisations in Ireland, the UK, Europe and America as well as with small to medium sized companies. Brian has a proven ability to get co-operation from both workforce and management for the changes that a programme of continuous improvement will entail.

Course Content

  • Why Carry Inventory – The Business Case – Basic Concepts and Models
  • Inventory Costs – Holding Type Costs & Staffing costs and staffing levels
  • Inventory Models, Types and Systems – Typical life cycle and inventory needs, Types of Inventory and how to deal with them & Systems
  • Inventory Reduction Techniques – Criticality at Plant, Process, Equipment and Component Level – ESS Ltd. model
  • Practical Exercises
  • Inventory Reduction Techniques – Duplication and Templates
  • KPI’s – Typical & Construction and Application
  • Inventory Process Considerations – Interfaces (Procurement, Contracting, Quality, Engineering etc.) & Vendor Managed Inventory
  • Practical Exercises
  • Wrap up and Q & A session
At the end of this course, participants will be able to manage Maintenance better, through increased knowledge of:

Define why companies need to carry Inventory & Spare Parts
Understand the costs associated with holding Inventory
Comprehend the various Inventory Models, Types & Systems
Implement Inventory Reduction Techniques
Refine your Inventory Management process to enhance Maintenance and company performance

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