Stock Management of spare parts
This two-day training with practical exercises will give you insights and techniques to bring your spare parts inventory management to a high level.
Which spare parts should be kept in stock? And how many? Many companies struggle with this twin question. Too little stock results in more downtime, but too much stock is expensive. A difficult balance! Fortunately, there are advanced techniques for managing and optimising stock.
This two-day training with practical exercises will give you insights and techniques to bring your spare parts inventory management to a high level. An investment that will quickly pay for itself in practice!
Learning objectives
- Know the influence of different types of maintenance (corrective, preventive, ...) on the stock;
- Determine the stock level strategy based on the situation;
- Calculate the optimal stock level and re-order quantity in different situations;
- Be able to apply the techniques around repairable parts;
- Monitor the efficiency and effectiveness of stock management based on KPIs.
Programme
- The importance of inventory control;
- The difference between maintenance logistics, production logistics and distribution logistics;
- Demand characteristics:
- incidental demand vs repetitive demand
- regular demand vs peak demand
- predictability of demand
- frequency distribution of demand
- normal distribution vs poisson distribution
- Definitions in Inventory Management
- Assortment management: portfolio technique
- Demand Forecasting
- Time-dependent demand
- Moving Average
- Single exponential smoothing
- Croston
- Methodologies for proactive forecasting: based on engineering info, history, planned maintenance, end-of-life situation.
- Stock costs
- Factors: financing costs, handling costs, risk costs, ...
- How to control these cost factors?
- Typical key figures
- Inventory management models
- Minimisation of stock costs
- Minimisation of stock and order costs
- Optimisation stock availability
- Service targets per class
- Vendor Managed Inventory
- Inventory management for repairables
- KPI-based control with concrete examples
- Maintenance of material in storage
- Collaboration in the entire chain of inventory management: engineering - work preparation - maintenance execution - logistics - purchasing - suppliers
- Types of warehouses: open, closed, semi-open.
- Grab stock: advantages and disadvantages
"Highly recommended for anyone involved in warehouse management."
About the trainer
Jürgen Donders (1969) is partner at Gordian Logistic Experts. Gordian is a service logistics consultancy in the capital-intensive and high-tech market. Jürgen is a driven, pragmatic and very experienced leader, line and change manager and consultant. He prefers to be among people in order to achieve joint results. He is able to enthuse people and get them to take action. He sees combining theoretical models and common sense in practice as a challenge. After all, a lot of improvement potential can be demonstrated on paper, but ultimately it is about realising those improvements in practice. Continuous improvement in the desired direction is of paramount importance to him.
Who is this training for?
Anyone who wants to gain in-depth knowledge about optimising spare parts management
Graag min. 14 dagen voor de start inschrijven. PO kan later bezorgd worden.
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