About The Course

Learn New Skills to Go Ahead For Your Career

Superficially, achieving best practice spare parts inventory management looks simple because spare parts can appear to be just like any other inventory. But the problem is that they aren’t.

pare parts inventory is different to other inventory types and this is why best practice (or even good practice) can be so hard to achieve.

In today’s competitive environment, it is important that the management and optimization of spares inventory is always considered in the context of supporting the maintenance function to meet its operational and business goals. Simply reducing inventory is not enough. Ideally, the aim must be to maintain sufficient inventory and no more such that production is never impacted by stock-outs whilst keeping inventory costs to a minimum.

In this way, inventory management and optimization add real value to any business.