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DATE
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VENUE
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FEES
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REGISTRATION
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18 May - 20 May, 2016 |
Miri, Sarawak |
SGD 3175 |
Closed |
Following information: Venue at
Miri, Sarawak
| Training Date from
18 May 2016 till
20 May 2016
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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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MASTER
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3
day/s
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SGD 2751 Purchase it before
18 Apr 2016
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SGD 3175
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WORKSHOP OVERVIEW
Newly structure course design to focus more to reduce stock levels, spares costs and stocking costs
Use successful methods and analysis techniques to effectively reduce inventory and costs of spares part.
This 3-day practical workshop will cover every aspects related to reducing inventory and costs of spares parts and is supported by case studies, software and practical exercises to aid understanding.Two analysis techniques will be covered; using probability for slow and fast moving spares and stimulation for high value spares with logistic issues. We cover optimizing spares for new facilities as well as how to evaluate existing inventory systems and KPIs for evaluating performance. New topic focusing on inventory management auditing will provide delegates to learn about types of audits and to conduct an inventory management audit so the delegates can evaluate what they have in place with respect to best practices.
WHAT WILL YOU LEARN?
- What is required under ISO55000 to manage the initial spares procurement process
- Why existing RSPL/SPIR forms are ineffective
- How to rationalize initial spares procurement using MS Access
- How to challenge vendors 2 years spares recommendation and then to specify inventory parameters
- The importance of assigning a spares criticality as this influence the selected desired service level.
- How to select the right stocking strategies to minimize stock holding
- How to justify the financial case for high value spares
- Understand basic MS Access functionality that can be applied to SPRL or SPIR master tracking & build tool.
PROGRAMME
- Introduction to stock optimization.
- Class, Type and strategies and CMMS Part set.
- Effective SPIRs and cataloguing.
- Spares costs.
- Introduction to failure statistics
- Should we stock ?
- When to order (Setting of Re-order points, safety stocks)
- How many to order ?
- Establish Optimum spares parameters for new equipment
- Evaluate the effectiveness of current stock policies
- How to evaluate high value, insurance and strategic spares.
AUDIENCE
The course is designed to : - Managers
- Purchasing
- Planners
- 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.
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