{"product_id":"spare-parts-inventory-management-9780831136086","title":"Spare Parts Inventory Management","description":"\u003cdiv\u003e\n\u003cp\u003eNo previous works have focused on the topic of inventory reduction and optimization to the extent that this one does. \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology™\u003c\/i\u003e by Philip Slater covers the whole part’s life cycle, from initial purchase to final disposal, and addresses issues throughout, including maintenance, repair, and overhaul (MRO). The author, Phillip Slater, was described in a recent podcast as “truly one of the leaders in the MRO information segment.”\u003c\/p\u003e\n\u003cp\u003eSparesology is a term coined by Slater to describe the discipline of optimizing the physical, financial, and human resource management processes of spare parts inventory management. Sparesology is much more than just inventory optimization. It involves an understanding of the complete “ecosystem,” within which the spare parts inventory is managed, and seeks to ensure that all of the factors influencing this management work together to achieve an organization’s goals.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e“\u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology®\u003c\/i\u003e combines content you might find in several different texts into a well-organized and easy to use reference. \u003cb\u003eThis is a fantastic guide for anyone interested in having a successful spare parts inventory management system.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cdiv\u003e \u003c\/div\u003e\n\u003cdiv\u003e\u003cspan\u003e\u003cb\u003eReviews\u003c\/b\u003e\u003c\/span\u003e\u003c\/div\u003e Right from the beginning, I knew this would be a good read. Every aspect of spare parts management, cradle-to-grave is addressed. Innovative concepts, such as inventory 'prevention' and 'timing,' are introduced, and matrices translate complex concepts into easily understood visual references.\u003cbr\u003e             To clear the path for success, the author starts the journey by identifying potential landmines that can sink a spare parts inventory management system at its onset. I found the section, 'Five common supply chain techniques that you should \u003ci\u003enot\u003c\/i\u003e use for spare parts management' particularly insightful.\u003cbr\u003e             A useful discussion addresses perceptions of the financial impact of spare parts. It explores the delicate balance of the key players and their own 'silo' perspectives and agendas, and helps the reader understand the ever-ongoing battle between the thought that spare parts 'cost money' and the idea that downtime is a deadly cost that must be avoided. Examples and simple calculations provide some great guidelines for decision making. As a bonus, the difference between policies and procedures, as well as valuable and specific guidelines for writing both, are included.\u003cbr\u003e             This easy to read guide to understanding the human factors (trust) offers no-nonsense techniques for applying data-based decision making in the establishment of a robust spare parts inventory management system. It combines content you might find in several different texts into a well-organized and easy to use reference that deals with everything from clean sheet design of a system to best practices and continual improvement for mature systems. \u003ci\u003eSpare Parts Inventory Management:  A Complete Guide to Sparesology®\u003c\/i\u003e is a fantastic guide for anyone interested in having a successful spare parts inventory management system.\"\u003cbr\u003e\n\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003e —\u003cb\u003eMarnie Schmidt,\u003c\/b\u003e Author of \u003ci\u003eTribal Knowledge: The Practical Use of ISO, Lean and Six Sigma Together. \u003c\/i\u003ewww.marnieschmidt.com\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003e\n\u003cp\u003e“It’s like Phillip is coaching you one-on-one. He addresses the full life cycle of spares, clearly shows the unique nature of spare parts management, and provides practical guidance on critical policies and best practices. \u003cb\u003e\u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology® \u003c\/i\u003ebelongs on the shelf of every spare parts organization\u003c\/b\u003e. \u003cb\u003eI definitely would recommend it to my clients and students.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e Phillip Slater’s latest book continues his unique and engaging writing style. He draws on his decades of experience in spare parts management and delivers a book that is pleasantly conversational, as if I am sitting across the table from him, and he is coaching me one-on-one. This book is also unique as it addresses the full life cycle of spares, from initial requirements forecasting through to use and final disposal.\u003cbr\u003e             The author clearly shows the unique nature of spare parts management versus other types of inventory — distinctions that require different considerations in planning and control. In easy to understand terms, he dispels the myths associated with spares and provides practical guidance on critical spare parts policies and best practices that favorably impact the bottom line. \u003cbr\u003e             \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology®\u003c\/i\u003e is practitioner oriented and belongs on the shelf in every spare parts organization. I definitely would recommend it to my clients and students.\"\u003c\/p\u003e\n\u003cp\u003e —\u003cb\u003eDr. A. Patricia Murrin\u003c\/b\u003e, A.P. Murrin and Associates; Supply Chain Management Department Chair, The National Graduate School of Quality Management; Adjunct Faculty, Walden University; Adjunct Faculty, Northwood University. You can find her on LinkedIn.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003cp\u003e“Slater sticks with proven systems and best practices born out of real-world experience. \u003cb\u003eAs timely as it is useful, \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology®\u003c\/i\u003e is a ‘dirt under the nails’ guide that translates just as well in the boardroom as in the parts storage cribs.\u003c\/b\u003e\u003c\/p\u003e\n\u003cp\u003eMany organizations don’t understand the need to manage spare parts until something affects the bottom line, then it is 'all hands on deck.' That is where Phillip Slater’s new book comes in. As timely as it is useful, \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology®\u003c\/i\u003e is the natural addition to the author’s earlier publications.\u003cbr\u003e             Slater has a gift for making unfamiliar subjects seem less intimidating. He sticks with proven systems and best practices born out of real-world experience. Such is the case with this latest book, wherein he lays out the need for properly addressing industrial spare parts and the steps to thoughtfully controlling the processes and procedures to manage them. He outlines four key-aspects to his approach. Each one is equally important and applicable to any size organization in any industry.\u003cbr\u003e             You will find, as I did, that Slater tackles the big problems with attention to detail, without getting into the mind-numbing minutia of how things could be done. Along with the high-level concepts, he gives specific guidance for addressing each aspect of spare parts management. He effectively empowers the reader to dismiss the perception of the need for 'just in case' spare parts.\u003cbr\u003e             Without glossing over anything, he brings the reader to an understanding of not only what to do, but also 'why' we do these things. Leaving buzzwords and ethereal concepts aside, this is a 'dirt under the nails' guide that translates just as well in the boardroom as in the parts storage cribs.\"\u003c\/p\u003e\n\u003cp\u003e—\u003cb\u003eRuss Thompson,\u003c\/b\u003e M3 ERP Functional Consultant, Avaap USA (www.avaap.com). You can find him on LinkedIn.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003cp\u003e“With a clear, easy to read style, this book provides a whole vision for the spare parts management problem, applying engineering questioning and avoiding the most widely accepted methods to obtain the best solution, measured financially, for every spare parts inventory situation. \u003cb\u003e\u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology®\u003c\/i\u003e is a great follow up to Slater's previous books.\u003c\/b\u003e\u003c\/p\u003e\n\u003cp\u003eWith a clear, easy to read, style, \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology® \u003c\/i\u003echarts the key lessons and synthesizes the key ideas to consider for every part of a spare parts optimization process. The book provides best practices, plus charts and matrices that are valuable aids and transform the book into a road map. The author insists that the lack of a consistent spare parts policy is a major problem in most companies and proposes a practical approach, including financial considerations, and how to use a language that your CEO will understand.\u003cbr\u003e             This book covers all phases of the spare parts management life cycle, from the creation of the stock to the disposal of non-used parts. It provides a whole vision for the spare parts management problem to help analyze pros and cons, and understand the consequences of every decision. A highlight is the part about obsolescence and disposal, a phase that is not usually analyzed.\u003cbr\u003e             Based on my experience, the main problem with most spare parts management is the use of ad hoc and emotional principles that are unable to ensure the right results. Slater proposes applying engineering questioning and avoiding the most widely accepted methods to obtain the best solution, measured financially, for every spare parts inventory situation. This is a great follow up to his previous books.\"\u003c\/p\u003e\n\u003cp\u003e—\u003cb\u003eJorge Asiain,\u003c\/b\u003e Senior Consultant AlterEvo (www.alterevo.es); Lecturer of Mechanical Engineering, Universidad Europea. You can find him on LinkedIn.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003cp\u003e“Phillip Slater is a true expert who brings the issues involved in spare parts inventory management to the public attention constantly. \u003cb\u003eA complete, clear, well supported, and practically applicable guide, \u003ci\u003eSpare Parts Inventory Management\u003c\/i\u003e\u003c\/b\u003e: \u003cb\u003e\u003ci\u003eA Complete Guide to Sparesology\u003c\/i\u003e\u003c\/b\u003e\u003ci\u003e®\u003c\/i\u003e\u003cb\u003e is a must-read for those who decide on spare parts inventories.\u003c\/b\u003e\u003cspan\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e The general problem with spare parts inventory management is that it is regarded and thus approached as just another 'general' inventory challenge. And while the market is full of inventory management professionals, training, courses, and so on, only a few address the complexities that make spare parts inventory management a totally different reality. Among these, Phillip Slater is a true expert who brings the issues involved in spare parts inventory management to the public attention constantly.\u003cbr\u003e             His newest book is a complete, clear, well supported, and practically applicable guide. Spanning the different disciplines in a company, including engineering, planning, procurement, and finance, it focuses on minimizing downtime and cost.\u003cbr\u003e             I really like the numerous lists of questions that help practitioners decide which and how many spare parts to stock. For instance, the chapter on inventory optimization presents five questions for examining  the requirements for spare parts, the consequences of non-availability, and the predictability of demand. The answers help in determining stock-holding requirements as well as contingency needs. Another useful section, 'The Seven Actions for Inventory Reduction,' provides solutions for reducing inventories without compromising parts availability.\u003cbr\u003e             \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology\u003c\/i\u003e® is a must-read for those who decide on spare parts inventories.\"\u003cspan\u003e \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e —\u003cb\u003eJürgen Donders,\u003c\/b\u003e Partner, Gordian Logistic Experts, www.gordian.nl.\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e “\u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesology®\u003c\/i\u003e should be your ‘go to’ book for spare parts management success. \u003cb\u003eThanks to this book, my job Is now made easier.\u003c\/b\u003e\n\u003c\/div\u003e\u003cdiv\u003e\n\u003cbr\u003e Phillip Slater has put together one of the best guides to inventory management you will find.  \u003ci\u003eSpare Parts Inventory Management: A Complete Guide to Sparesolgy\u003c\/i\u003e\u003ci\u003e®\u003c\/i\u003e is a systematic compilation that has everything you need for success in inventory management.\u003cbr\u003e             Having identified common mistakes and misconceptions about inventory management, Slater carefully takes his time itemizing the avoidable traps and discussing inventory management policies, results of applicable research, and best practices. He guides you through the foundation of inventory management, including the requirements for stocking, how to decided what to stock, and when and how. He also addresses the dreaded and most hated word in spare parts management: obsolescence.\u003cbr\u003e             To all inventory managers, business owners, inventory management consultants, maintenance managers, engineering managers, and CFOs: \u003cb\u003eThis should be your 'go to' book for spare parts management success. Thanks to this book, my job is now made easier.\u003c\/b\u003e\"\u003c\/div\u003e\u003cdiv\u003e\n\u003cbr\u003e —\u003cb\u003eIlyas Ateiza\u003c\/b\u003e, Stores Manager—Engineering, APM Terminals. You can find him on LinkedIn.\u003c\/div\u003e","brand":"Phillip Slater","offers":[{"title":"Default Title","offer_id":48266984784123,"sku":"9780831136086","price":74.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0779\/3917\/9771\/files\/9780831136086.jpg?v=1772483093","url":"https:\/\/indiepubs.com\/products\/spare-parts-inventory-management-9780831136086","provider":"IndiePubs","version":"1.0","type":"link"}