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Smart Inventory Solutions7 Actions for MRO and Indirect Inventory Reduction |
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Engineers and reliability professionals are increasingly being held accountable for materials and spare parts inventory levels and in response to this they need to gain a better understanding of materials and spare parts inventory management principles and practices. This book delivers just that.
In the book ‘Smart Inventory Solutions’, Phillip Slater shows you a new way to look at inventory review. Rather than first selecting a technique and then finding inventory items to apply it to, this book shows you how to focus on the inventory item and then choose the technique that specifically suits that item.
By turning the traditional approach on its head you can achieve greater results, faster and more easily. Plus the results are more likely to be sustained over the long term.
The Inventory Cash Release ProcessTM
Smart Inventory Solutions applies The Inventory Cash ReleaseTM Process to specifically target MRO, spares and indirect inventory. The process is a complete solution that guides you from the starting point of 'where do I focus' through the techniques for achieving inventory reduction, through to taking action and implementing your inventory reduction program. The result? Inventory Process Optimization™. Download a process flow chart
This Book Shows You How to Apply The Process
Smart Inventory Solutions shows you, step-by-step, the process to follow, the mistakes to avoid, and a sure-fire approach to minimize your workload. In fact, you'll learn how to generate better results from your reduced inventory. This approach is ideal for all 'bought in' inventories such as parts and components, finished goods, OEM spares, MRO inventory, engineering spares and industrial supplies.
Using exclusive real-life examples and case studies, and providing you with a full glossary and data collection guide, this manual will show you:
The concepts, ideas, tools, and processes in this book have helped many companies achieve and sustain results that other inventory tools and approaches just could not match. This book will help you achieve true inventory optimization.
Any company looking to take action to reduce their excess inventory or establish reasonable controls to curtail the growth of inventory should read this book. The principals presented are done in an understandable, straightforward manner. There are not a lot of fancy formula-driven theories, but there are focused recommendations for specific actions to have immediate effect on inventory value.
This book helped us reverse the trend of growing inventory for the first time in the 30-year history our company. Read more>>> Arthur L. Posey, P.E. Sr. Maintenance Manager, Wheelabrator Technologies Inc. Morrisville, PA, USA
About The Author
Phillip Slater is an Inventory Process Optimization Specialist. With nearly 25 years experience Phillip has had a career-long focus on improving business performance and has worked for a wide range of clients in many countries, including: Australia, UK, Sri Lanka, Thailand, Malaysia, China, Korea, Japan, Singapore, USA, Mexico and Canada.
Phillip has engineering degrees from both The University of New South Wales and Monash University and teaches courses on inventory process optimization for apics. Read Phill's complete CV
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New and Improved Approach