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DATE
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VENUE
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FEES
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REGISTRATION
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13 Nov - 15 Nov, 2017 |
Manchester, UK |
SGD 1257 |
Closed |
Following information: Venue at
Manchester, UK
| Training Date from
13 Nov 2017 till
15 Nov 2017
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COURSE LEVEL
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DURATIONS
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Early Bird Discount
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Standard Price
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STANDARD
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3
day/s
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SGD 1257 Purchase it before
15 Oct 2017
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SGD 1257
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WORKSHOP OVERVIEW
Many companies do a bad job at managing their inventory effectively; there are many reasons for this. But it starts with bad submission of SPIR/RSPL, poor cataloguing and the selection of initial spares.
This practical newly structured 3 day workshop covers every aspect related to reducing inventory and costs of spares parts and is supported by case studies, software and practical exercise to aid understanding. The techniques allow you to immediately apply them in the workplace and start to reduce cost.
There are very few courses conducted that deal with the practical issues of spares cataloguing, optimizing spares and stock reduction. After this course, delegates will leave the workshop with tools and techniques that they can immediately apply in their own companies and start to reduce costs.
An Excel Analysis worksheet containing all formulae will be provided to conduct an audit of current inventory parameters. Two analysis techniques will be covered; first using probability for normal operating and consumable spares and the second using simulation (modelling) techniques for high value spares with logistic issues.
The course is of particular benefit to companies who: • Want to audit their spares data quality or • Need to upgrade their CMMS • Want to reduce inventory levels and costs
Many case studies will be shown including reduction of 50-70% in line items
Delegates are required to bring laptop to conduct the numerous exercises. This course has a new structure designed to focus more to reduce stock levels, spares costs and stocking costs - and provide additional exercises using the optimization techniques in addition to include how to conduct improved CMMS spares cataloguing.
WHAT WILL YOU LEARN?
• ISO5500 and what it means for inventory management • How to achieve consistent cataloguing • The different costs associated with spares management • Learn techniques to improve reliability resulting in less spares usage • How to select the right inventory policy for fast and slow moving parts • Good practices related to SPIR forms • How to evaluate safety stocks scientifically • How to determine how many to buy • Learn strategies to minimise stock • How to justify the financial case for high value spares • How to measure inventory performance • What can be done in-house and what can be done with specialist software
PROGRAMME
- Introduction to Spares Management
- Improving RSPL Data from Vendors
- Effective Spares Cataloguing
- Inventory Cost Reduction Programme
- Spares Parts Cost
- Reliability Theory Related to Spares
- Challenge Vendors Recommended Quantities
- Setting Re-Order and Safety Stock Levels
- How Many to Order? Determining the EOQ
- Auditing current inventory Parameters effectiveness
- Database Solution
- Evaluate policies for insurance spares
- Alternative Spares
- KPI Reporting system
- Course Review and Delegates Action Plan
AUDIENCE
The Course is designed to:
• Managers • Purchasing & Logistics • Planners • Materials • Anyone involved in cost control for spares and materials • Project and Design Engineers who have an interest in how to minimize risk and costs of spare part inventories. • Engineers responsible for specifying, buying spares and setting up the spares information in the CMMS. • Anyone who want to reduce Maintenance OpEx.
Previous Attended Job-titles: Inventory Management, Maintenance Department , warehouse , Maintenance mechanical, Inspection & Data Management, Production , Material , Instrument & Control, Maintenance & Reliability , Buyer , Procurement & contract, Planner , Store controller, CMMS coordinator, Supply chain management , Plant Engineer, Equipment Analysis and Central service Manager.
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