MRO Inventory Management School
This workshop is designed for Maintenance and Reliability teams to learn best practices and strategies for effective MRO inventory management, and to understand the principles of spare parts optimisation in a maintenance repair and operating (MRO) environment. This includes how to optimize inventory levels, demand for the spare (preventive and corrective maintenance), reduce waste and obsolescence
Course Outline
Begin with the END in Mind! What good looks like – MRO Supply Chain
- Demand signal quality
- Catalogued materials usage vs Free Text
- High stock accuracy
- High stock turns
- Good relationship and control of vendors
- Strong control via KPI’s and Metrics
- Master Data is core
What gets measured, gets improved!
Supply Chain Effectiveness %
- Demand Signal Quality %
- Catalogued Material Spend %
- Stock Accuracy %
- Stock Turns %
- PO Automation %
Master Data
Material Master Data
- Lead Times
- ROP & ROQ
- Segmentation capability (MRP Controller)
EAM Master Data
- Structures like Functional Locations & Equipment
- BoM’s
Purchasing Master Data
Vendor specific data (part numbers, lead time, price)
Warehouse Operations
Following the demand signal
- Stock on Hand process flow
- Buy-to-Order process flow.
Stocktaking & the Importance of Stock Accuracy
- Importance of counting
- Cycle Counting
Stock Preservation
P3DR Concept
Inventory Management
- Reducing risk at the lowest possible cost
- Stock or Non-Stock Decision Process
- Linking EAM and SCM together
- Stock Turns
- Repairable Materials
- POTOBS – Potentially Obsolete Materials Management
- Obsolescence Provision
- Carrying Cost Calculation
Purchasing
Free Text spend process and its impacts.
Catalogued material spends and impacts.
Purchasing Master Data
- Info Records
- Source Lists
- Lead Times
PO Automation
Procurement Overview
- Goods vs Services
- Materials on Contract
- Cost AND Lead Times focus
Other Takeaways
- Sample Calculators
- Material Review Template
- Cycle Counting Calculator
- Sample Cataloguing Template (Taxonomy)
Who Should Attend?
Key Challenges Addressed
Goals of the Course
Learning Objectives
Expectations of Participants
Your Instructors
Tim McLain
COO & Global Director - MRO
Missing Link Supply Solutions
30+ years MRO/Materials specialist. National & Global roles for top companies. Cross-border project manager & team trainer. US-born, NZ & Aus experienced. Proud All Blacks supporter!
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MRO School
Private Courses
Whether you have 15 or 1500 people to train, our schools can be offered at a time and location most convenient for your company.
Your Learning
Pathway
Asset Schools training courses can be completed individually at any time, but have you considered planning a Learning Pathway? For example:
Still unsure about something?
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Asset Schools give peace of mind that the investment in our Maintenance and Reliability professionals will provide a great return to both them and the business.
Senior Manager
Asset Health Newmont
The knowledge and practical steps imparted during Asset Schools have proven to be invaluable for the overall improvement across the business in greater availability and reduced unit lifecycle costs. Attendance at the Asset Schools portfolio of courses is now a foundation requirement for our team of planners due to the business and personal development benefits.
OAM, Senior Mines Systems Planner
FMG
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