As leading authorities worldwide on setting part stocking levels for safety stocks to support the production process, the authors have shown that between 25 and 50 percent of the inventory investment is not necessary. Thus the overall objective of Production Spare Parts: Optimizing The MRO Inventory Asset is to instruct readers in how to optimize their company’s spare parts asset.
This compilation of the best techniques and practices for optimizing MRO inventory offers numerous case studies showing the best and not so good ways to improve plant inventory performance. Based on practical solutions to everyday inventory problems, it uses simple, but useful metrics for setting and monitoring goals.
Production Spare Parts: Optimizing the MRO Inventory Asset | Eugene C. Moncrief (Author), Michael P. Reynolds (Author), and Ronald M. Schroder (Author) | Industrial Press Inc.,U.S.
Features:
• Covers stocking theory and practice.
• Uses the Pareto Principal throughout as the best way to achieve superior results with a minimum of investment of time by plant personnel.
• Includes the following topics: the risks inherent in setting inventory stocking levels, setting the reorder point, setting the reorder quantity, determining excess inventory, how to avoid unnecessary purchases of spares, and how to set and monitor goals for inventory improvement.
Production Spare Parts: Optimizing the MRO Inventory Asset
Table of Contents
Chapter 1: Inventory as an Asset
Chapter 2: Assessing Risk
Chapter 3: Setting the Reorder Point
Chapter 4: Setting the Reorder Quantity
Chapter 5: Determining What’s Excess
Chapter 6: Avoiding Unnecessary Purchases
Chapter 7: Unique Solutions to Everyday Inventory Problems
Chapter 8: Setting and Monitoring Goals
Chapter 9: Partnering with Others
Chapter 10: Some Best Practices and Lessons Learned
Chapter 11: Implementation