BSC-134     Mastering Spare Parts Management for Operational Efficiency

• Overview
• Course Objectives
• Course Content
• For Whom
• Schedule and Hours

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Spare parts management is a critical component of maintenance and reliability strategies in any industry. It involves identifying, procuring, storing, and managing spare parts to ensure equipment availability and minimize downtime. Effective spare parts management not only improves operational efficiency but also reduces the risk of stockouts, overstocking, and unnecessary expenses. By implementing best practices such as classification, inventory control, and demand forecasting, companies can optimize their spare parts inventory and maintain smooth operations.
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A well-executed spare parts management strategy can significantly enhance a company’s productivity and cost-efficiency. Proper classification of critical and non-critical parts ensures that essential components are always available, reducing the likelihood of operational disruptions. Inventory optimization techniques, such as economic order quantity (EOQ) and safety stock management, help minimize excess inventory while meeting demand. Additionally, efficient procurement and storage practices can streamline workflows and ensure rapid access to spare parts when needed, ultimately contributing to improved reliability and customer satisfaction.

By the end of the 1 day program, participants will be able to:

• Understand the principles of spare parts management and its role in operational efficiency.
• Develop strategies for spare parts forecasting, inventory control, and demand planning.
• Identify critical spare parts and optimize inventory levels.
• Minimize downtime through efficient spare part procurement and storage methods.

• Module 1: Basics of Spare Parts Management
• Section 2: Spare Parts Identification & Classification
  
• Section 3: Inventory Control & Demand Planning
  
• Section 4: Procurement & Storage Best Practices
  

This course is designed for Maintenance and Reliability Managers, Inventory Controllers, Warehouse Managers, Supply Chain Professionals, Production Managers, Procurement Personnel, Plant Engineers

This is a 1-day programme.
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This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
 
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.

We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
​All of our training modules are claimable under HRD Corp.