3-Day Course: MRO Inventory & Critical Spares Management Optimization (Abidjan, Ivory Coast (Cote d'Ivoire) - July 8-10, 2019) - ResearchAndMarkets.com

DUBLIN--()--The "MRO Inventory & Critical Spares Management Optimization" training has been added to ResearchAndMarkets.com's offering.

This 3-day course will help attendees learn proven strategies on how they can improve and optimize their spare parts and storeroom. This might be the missing link in improving your reliability and maintenance strategy.

Most if not all industries have a storeroom to keep parts of their equipment they need from time to time but not all these industries have the knowledge or know how to manage their storeroom and spare parts. In fact, the Storeroom and Spare Parts is one of the functions on where maintenance can save on cost and almost every industry have a horrible story to tell on their storeroom that they have experience. With the absence of a sound strategy on spare parts, most of us rely on the vendor on what to stock which ends up as non-moving most of the time.

Why You Can't Miss This Event

  • Gain recognition, confidence and credibility by putting the 'best you' forward and use upward communication and downward communication to create new opportunities within your organization.
  • Besides that, you will learn to break down the barriers and silos that stand between team cooperation and organizational effectiveness and reduce frustration.
  • Furthermore, you will learn to build the mindset and productive workplace relationships, settle more confidently into your own 'comfort zone' as a manager, leader and champion of change not to mention gain control of events around you and shape them to meet the right objectives.
  • You will know how to respond to and manage resistance, fear, and stress during change, harnessing the power of diversity and using it to drive higher and greater performance.
  • You will be able to come up with your own version of a systematic approach for your continuous learning and improvement about the subject and undergo important self-discovery, situational understanding and some important perception shift that will help you think differently about the way people interact, learn and grow together.
  • Finally, you will increase business profitability, credibility and efficiency.

Top Learning Objectives

  • Understand the concept and importance of having a Spare Parts Management strategy in your plant and facility.
  • Appreciate the benefits of utilizing a spare parts management program in your organization.
  • Learn the different cost used in spare parts management.
  • Develop and customize KPI's that would complement your company's operation and efficiently measure the performance of your spares and storeroom management.
  • Utilize KPI's to improve Supplier Relationship Management.
  • Optimize your spare parts and store room to instantly save cost and improve reliability.
  • Learn and apply a detailed step by step strategy for your MRO Spare Parts and Storeroom management.
  • Select the right inventory policy for fast- and slow-moving parts.
  • Ensure availability of safety critical spare parts to minimize risk to business continuity.

A Certificate of Completion will be issued to all delegates completing a minimum of 90% of the total hours of the course.


Registration begins at 08:00. Course sessions will start promptly at 08:30 and end at 16:30. There will be two short breaks at appropriate times for refreshments and lunch break will be from 12:30 to 13:30.


Self Assessment

  • Self Introduction
  • Knowledge and Hands-On

Phase I: Introduction To Materials, Parts & Inventory Management

  • Some definitions & key terms: understanding the language and terms of MRO management
  • What are Stores? The five groups of stores and classification. Understanding the function of stores and impact on Cash Flow
  • The Stores: Mapping the layout. Reviewing the time and motion for material efficiency. Defining Parts location and movement. Parts control and supported documents. Automation and parts flow

Phase II: What Stores Are Needed?

  • The cost of stores: outlining the major cost expenditures. Understanding the loss and poor store-cost management. The overall cost of plant capability
  • Stores, kind and quantity: customer requirement and store capability. Parts availability and maintenance needs. Maintenance management and parts flow criteria
  • Bill of Material (BOM) and Catalog: developing BOM with asset integrity. The framework of BOM and value-add to parts management. Centralized and decentralized BOM for multiple site management


  • Key elements


Phase III: Store Management

  • Spare parts criticality ranking: defining the criteria. Common ranking and evaluation. Defining Total Cost of Ownership. Parts and Total Cost of Ownership
  • Contracting the store function: reviewing the characteristics and prospective value of a good stores function. Consolidating maintenance contractors and the impact on business cost. Contractor evaluation and certification. Contractors and impact on the maintenance process
  • Partnerships with suppliers: key issues and requirements. Maintenance requirements for parts management. Other maintenance requirements to suppliers. Suppliers and maintenance of best practices

Phase IV: Standardization

  • Procedures: understanding the process and the procedures. Enable process control and standardization through documented procedures. Receiving and shipping process flow. Return merchandise and repairable items. The use of RF and barcoding
  • Work environment and practices: understanding the advantage of the work environment. Store location and geography. Mastering delivery point and impact on operations. Mother nature and store management
  • Workforce: The spiderman technique and on time delivery. People involvement and training to support parts management. The work environment


  • Key elements


Phase V: Performance Measurement And Management

  • Key performance indicators (KPI): defining the best in class KPIs. Typical inventory categories. Ratios and SKU items. Dashboard and store management
  • Management methods: Corporate strategy and management. Defining policies and procedures. Key drivers for management
  • Minimizing stock level: Strategy driven to lower stock level. A fundamental element to success. Road map of improvement initiatives. Business cost is driven to improve the stock level.

Phase VI: Optimization

  • Optimizing tools and techniques: CMMS/EAM. EOQ. Shelf life and PM plan. Parts location and quantity. Inventory accuracy and cycle count. Parts kitting and staging process. Security level
  • Inventory optimization assessment process: Stocking decision and the elements. The three steps of inventory optimization. Understanding the two conflicting cost drivers
  • Analysis and rationalization: why analysing? Why standardizing? Classification and stratification. Categorization and optimization

Evaluation & Acknowledgement

  • Assessment
  • Takeaway

For more information about this training visit https://www.researchandmarkets.com/r/apfbyg


Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Supply Chain Management , Machine Parts


Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Supply Chain Management , Machine Parts