SPARE PART MANAGEMENT

INTRODUCTION FOR SPARE PART MANAGEMENT

COURSE OBJECTIVE

Through this program, Participants will acquire :

• Fundamental knowledge regarding spares.
• Why, how and when to stock spares.
• Spare parts stocking terminology.
• Step by step setting an inventory control system.
• Review and take counter measure for frequently used parts.
• Justifying the ROI for spare parts expenditure.
• Sneak preview of computerized maintenance management system.

COURSE CONTENT

Module 1 : Introduction to Spare Parts Management

• what is SPM ?
• spare parts are expenses .
• where does the money for spare comes from.
• “spare parts” the silent killer.
• why manage spare parts.
• current manufacturing bottlenecks.

Module 2 : Spare Parts Management Logistics.

• quality Vs co$t
• economic considerations.
• user considerations.
• cost – effect compromise .
• measure of effectiveness.
• spare parts inventory.

Module 3 : Spare Parts Inventory Management.

• current stock.
• maximum stock.
• minimum stock.
• lead time .
• safety stock.
• re order point.
• economical order quantity.
• obsolete rate.
• inventory monitoring

Module 4 : Establishing Spare Parts Criticalities.

• what is spare part criticality .
• how to set component criticality.
• establishing visual set up.
• ‘insurance policy”
• best practices for spare part management.

Module 5 : ‘Spare Part Usage’ Cost Reduction.

• develop spare part usage record.
• usage analysis.
• establish failure consequences.
• improve ‘parts’ life.
• reduce spare parts cost.

Module 6 : Computerised Spare Parts Management.

• what is CMMS.
• advantages of CMMS.
• ‘ATLAS’ demo.
• selection of right CMMS.