Spares and Materials Management

Synopsis

Managing spares and materials is often the most emotional topic within maintenance management. Having the right spares close at hand is essential to supporting equipment performance.

Ensuring inventory is kept to a minimum and turning over quickly is a key feature of cost management. Typically, in a manufacturing or process environment, expenditure on spare parts and engineering materials is between 35% and 45% of the total asset care budget. Control of this flow of costs is vital.

The scope of effective spares and materials management is often underestimated. From deciding what category of stockholding is required, through stores and purchasing policies, control systems, supplier management to history of use.

The principles of Supply Chain Management apply to all aspects of this subject, along with the rapidly expanding use of data management technology.

Outcome

A complete spare parts and materials approach applied to an average situation can resulted in 20-25% stock level reductions and improved service levels.

Attendees will acquire a full understanding of all the key aspects of this important subject. 

They will return to the workplace with ideas and a plan to begin to apply better practices.

Focus Group

Managers with responsibility for spares and materials. Team leaders, engineering, planners and stores controllers charged with improving and optimising the use and cost of spare parts.

Cost:

£550 + VAT per delegate

Duration:

2 days

Outlines

• Classification of Spares
• Determining the right stock holding levels
• Receiving
• Storing
• Issuing
• Service Level Measures
• Purchasing policies
• Stores layouts and access control
• Systems
• Supply Chain Management
• Role of the Stores
• Dealing with Suppliers
• Accountability for inventory