Day 1:

• Vision and Overview for the Stockroom and the Spares Stored There
  • World class maintenance and the inventory system necessary to support it
  • Appropriate organizational set-up
  • How the inventory and a stockroom fits into the big maintenance picture
• Some Basics
  • What are the functions of the maintenance inventory?
  • Types and uses of inventory
  • Inventory that is not really inventory
  • Different categories mean different management strategies:
    • Insurance Policy spares
    • Capital spares
    • Consumables
• Some Basics
  • Layout ideas to improve flow and usability of the storeroom
  • Procedures and policies for storeroom layout
  • Preservation, security and safety of materials
  • Counting strategies, including cycle counting and counting frequency

Day 2:

• The Economic Stockroom
  • Economic analysis of inventory control models
    • EOQ
    • Safety stock
    • Minimum/maximum
    • ROP
    • Cost of acquisition
  • True costs of maintaining a storeroom
  • Benchmarking maintenance inventory
  • Our top ways to save money in the storeroom
• Tried and True Strategies with Computerization
  • Inventory start-up issues, including
    • Parts catalog
    • Parts numbering strategies
    • Parts naming strategies
  • Data necessary to manage your inventory
  • Using the CMMS to manage inventory
• Dealing with the Parts Themselves
  • Procurement: purchasing, parts interchange, and supplier identification
  • Obsolete/redundant/surplus materials
    • Reasons for obsolescence
    • Minimizing the impact of obsolescence
    • Reasons to carry some surplus items
    • Least cost strategies for identifying and disposing of surplus or obsolete items
    • True cost of a spare part
  • Standardization and codification issues
  • ABC inventory management
  • E-MRO
  • Maintenance/inventory issues:
    • Rebuild verses new
    • Make versus buy
    • OEM verses make outside considerations
  • Strategies for transferring some of the inventory function workload and capital
    • Consignment
    • Vendor contracts
    • Rack jobbing
    • Offsite guarantees
    • Outsourcing