Professional Documents
Culture Documents
BROCHURE (JASON) - EFFECTIVE MRO SPARES INVENTORY MANAGEMENT, 8 - 9 MAY 2023, KL
BROCHURE (JASON) - EFFECTIVE MRO SPARES INVENTORY MANAGEMENT, 8 - 9 MAY 2023, KL
IT ONLY
TAKES ONE MISSING PART TO STOP A LINE!"
Mike Dunne, Former Head of GM’s Opera ons in Indonesia
THE FACT
Given the complexity of the pandemic, there is every reason to believe that the post-pandemic recovery phase will require
unprecedented levels of orchestration and co-ordination during a challenging and potentially protracted recovery period.
Companies are now faced with the ever-increasing challenge of reducing costs and improving efficiency while maintaining
production quality.
- ACCORDING TO INDUSTRYWEEK -
The manufacturing industry loses about $50 billion each year to unplanned breakdowns!
The shift to very lean and highly efficient global supply chains is resulting in Supply Chain and Maintenance professionals
needing to think longer-term and include equipment maintenance and repair as they make decisions to guide their
companies through the post-pandemic. With that said, Spare Part Managers and Engineers are now thrown into the
limelight and are under pressure to seemingly do the impossible; provide great service while keeping costs to a minimum.
Clearly, Spares & Maintenance Parts Inventory Management has taken on a new importance at the highest levels…
- THE BOARDROOM! -
Spare part inventory is the second highest maintenance cost and therefore significant amount of money can be saved by
effective spare part management. Whether you are working with preventive or predictive maintenance, visibility of your
parts inventory will play a vital role in the success of your operations. Optimization tools and related analytics are helpful,
but it’s your overall process and culture that will sustain improvements. Not understanding the nuances of spare parts
inventory management, results in the under-achievement of optimization goals, overspending on spare parts inventories,
and projects that stagnate or fail.
Organizations estimate that proper MRO SPARES INVENTORY MANAGEMENT reduced their
inventory spending by as much as 25%!
FTMaintenance
This might be the missing link in improving your reliability and maintenance strategy. The 2 days workshop is designed to
YOUR EXPERT help you tailor to your parts-holding program to improve operational readiness for current and future pandemics.
THE AGENDA
MODULE 1 – MRO SPARES: A BRIEF OUTLOOK FROM 2019 TO 2022 MODULE 8 – ECONOMIC ORDER QUANTITY (EOQ)
Cause And Effects Learn How Economic Order Quantity Models (EOQ) Are Used To Control
LESSONS Learnt From The Pandemic The Spare Parts Inventory
The Chaos During Covid19 And How It Impacted MRO Spares Minimum And Maximum Stock
Inventory Purchasing And Carrying Cost
What Has Changed? Economic Order Quantity Explained
Computing For The Lowest Cost For Determining Minimum Quantity
MODULE 2 – DAY TO DAY INDUSTRY CHALLENGES Per Order And Number Of Orders Per Year
Challenges On Spare Parts & Storeroom
Common Challenges On Spare Parts MODULE 9 – AUTOMATING SPARE PARTS THROUGH CMMS
Survey On Top Challenges On Spare Parts Spare Parts Are A Great Asset To Your Business, But Only If You Can Use
Post-Module Discussion on Current Challenges Faced By Participants Them, Find Them, And Take Care Of Them. In This Module, We Will Show
You How A CMMS Can Help With Your Spare Parts Management
MODULE 3 – MRO SPARE PARTS MANAGEMENT List Of Requirements For Selecting A CMMS For Spare Parts
Understanding The Whys, Whos And Hows Makes A Lot Of Difference What To Consider When Automating Your MRO Spare Parts
Spare Parts Management Defined The Use Of Bar Coding And RFID Radio Frequency Identification
Goal Of MRO Spare Parts Management EDI Or Electronic Data Interchange
Who Should Manage The Spare Parts Conforming To Digital Transformation; The Internet Of Things (IoT)
Proper Knowledge In Storing Spare Parts
MODULE 10 – RECOMMENDED KPI’S FOR SPARE PART AND
STOREROOM
MODULE 4 – STOREROOM LAYOUT AND IMPROVEMENT
Selecting Meaningful KPIs Is An Ideal Starting Point. Learn To Use Key
What Improvements To The Layout And Design Should Be Considered To
Performance Indicators For Spare Parts Inventory Management And
Improve Efficiency And Throughput?
Measurement.
Organized Storeroom
Storeroom Performance Measurement
What Spare Parts Must Include
Balance KPIs For Storeroom, Operations And Maintenance
How Much Space The Storeroom Need
Stockouts Incidents
Minimum Requirement Of A Storeroom
Storeroom Floor Plan Sample
MODULE 11 – KEY CONSIDERATION ON MRO SPARE PARTS AND
Storeroom Improvements STOREROOM
Choice For Parts Storage This Module Covers Key Areas To Consider Helping In Enhancing
Centralized Or Decentralized Storeroom Performance, The Effectiveness Of Plant Operations, And Reduce Cost.
Handling Obsolete Items
MODULE 5 – MRO SPARES INVENTORY CONTROL AND Security On Your Storeroom
OPTIMIZATION PROCEDURES Vendor Stocking Options
It’s Important To Apply Efficient MRO Inventory Management Processes Standardization Of Parts
That Minimize Costs While Ensuring The Company Has Just Enough
Competency Needed By Your Storeroom Personnel
Inventory To Meet Its Needs.
Drawing Out A Risk Analysis And Management
MRO Inventory Analysis/Classification
Storeroom Housekeeping & Safety
Fast, Slow, Non-Moving And Obsolete
Surrendering Stocks In Your Squirrel Stores And Secret Hiding Places
ABC, SED, VED Analysis On Spares
To The Storeroom
Codification And Parts Identification
Inventory Centralization
MODULE 12 – STEP BY STEP STRATEGIES TO IMPROVE YOUR MRO
SPARE PARTS AND STOREROOM
MODULE 6 – LEAD TIME TO ORDER Steps To Consider In Improving Your Spare Parts Inventory And
Many Different Equations And Processes Can Help You Identify The Right Storeroom Facilities
Level Of MRO Inventory For Your Particular Business. Here Are A Few For Determine Which MRO Processes Are Critical For Business Continuity
You To Consider.
Perform An Audit
Supplier Lead Time
Select Strategic Suppliers
Shortening The Lead Time To Order
Forecast Demand
Calculating The Lead Time To Order
Use Of Average/Exponential On Lead Time
MODULE 13 – BEST PRACTICES ON MRO SPARE PARTS
MANAGEMENT
MODULE 7 – TO STOCK OR NOT TO STOCK Essential MRO Inventory Management Best Practices
One Of The Most Important, Perhaps Even The Most Important, Decision What You Need To Know
That Will Be Made Regarding Any Individual Spare Part Is Whether Or Not
The Digital Way Forward
To Stock That Part.
Factors To Consider On Whether To Stock Or Not To Stock
To Stock Or Not Form And Logic Tree Decision Diagram “MRO spare parts can represent up to 20% of the total enterprise
spend… annual cost of maintaining an inventory storeroom
is about 20-30% of the inventory dollar value”
Rockwell Automation
A b o u t y o u r w o r ks h o p
Participation in an IBN Global designed workshop obviously offers the expected theoretical understanding of the subject
matter. In addition, theory is effectively translated into practice through a unique blend of Open Dialogue, Syndicated
Exercises, Knowledge Transfer & Application Session and sharing of Best Practice Strategies. Participants are engaged in a
dynamic and interactive workshop environment where their own issues and experiences form an important part of the
discussion and learning. This is made possible only due to the trainer’s wide experience of practical MRO & Spares
Inventory Management issues in both public and private sector organizations across continents.
REGISTRATION
STEP 1 : SELECT YOUR CATEGORY (Please tick option) JASON
SUPER EARLY BIRD EARLY BIRD REGULAR RATE
WORKSHOP DETAILS
REG BY 18 MARCH 2023 REG BY 25 MARCH 2023 REG AFTER 25 MARCH 2023
2 DAYS WORKSHOP FEE MYR 2599 MYR 2999 MYR 3299
GROUP OFFER 5% Discount for the 4th and subsequent par cipant from the same organiza on
STEP 2 : FILL IN DELEGATE DETAILS
W H O S H O U L D A T T E N D
This comprehensive program is applicable to all industries and facili es, as well as for single-plant or global enterprises. The program is aimed at Maintenance and
Purchasing Directors, Managers, Engineers, Planners, Supervisors, Team Leaders, Controllers, Analysts, Coordinators who have a direct interest in or are effected by
maintenance performance and responsible for repair, maintenance and opera ons inventory in the below areas:
Maintenance Spare Parts Management Asset & Reliability
Technical Management Inventory Accoun ng Maintenance Planning and Scheduling
Stockroom Management & Administra on Opera ons Preven ve & Predic ve Maintenance
Inventory Management Supply Chain MRO Purchasing & Procurement
Produc on Planning Demand Planning MRO Inventory
Materials Planning Engineering CMMS
Store Management MRO Stores Warehouse
Facility Plant Opera ons Stock Analysis