Optimizing Maintenance Inventories and Stockrooms
This program is designed for senior and middle level executives from Operations & Maintenance, Materials and Finance. Storeroom managers, parts clerks, storeroom trainees, purchasing agents and buyers, and maintenance planners. We also welcome maintenance supervisors, maintenance engineers and representative from operations for their perspective and input.
Our promise for this program is that your storeroom personnel will become conversant with world-class maintenance storeroom management and inventory control methods. They will be prepared to cut the number of SKUs, reduce the number of stock outs and reduce the overall level of inventory, saving money, labor and freeing up space.
In maintenance of factories, fleets and buildings, parts and materials typically consume 40-70% of the budgeted dollar. Maintenance inventories can run millions of dollars. Even tougher than the cost of the inventory is the cost of downtime and lost production from having the wrong inventory in stock.
This course will help organizations cut their stock levels, reduce the number of items kept on the shelf while simultaneously reducing the frequency of stockouts. Techniques will be demonstrated using actual parts as pointers to areas ripe for cost reduction. Students will come away with an excellent overview of the issues of managing a maintenance storeroom and up-to-date techniques for dealing with these issues.
A few of the things you will learn:
- How to explain critical parts
- What a great stock room looks like
- Which parts to carry and why
- How to reduce your inventory level and increase your service level at the same time
- How to calculate safety stock
- How overall maintenance strategy impacts stocking decisions
- Improve stockroom layout and improve picking speed
- How to apply Lean Maintenance techniques to stockrooms
- Rules for using the CMMS for storeroom
This workshop includes lectures, case studies, discussions, and group, pair and individual exercises. Attendees are encouraged to share their knowledge and experience with each other.
Course Agenda
