Parts and Inventory Management

Did you know that spare parts is typically 35% of maintenance expenditure? MCP's tools and programmes are designed to improve the way stores and store parts are managed, this can include:

• Spares material management audit
• Development of strategy
• The decision to outsource or keep in house
• Setting stock levels
• Procedures and processes to support IT solutions
• Design of stores layout
• Review existing stock and identify obsolete items
• Advice on barcoding and RFID systems
• Organisation review
• Support in managing third party suppliers

Why is there a need for spares parts management?

• New items come in
• Plants get modified
• Vendors change
• Spot actions taken to overcome situations
• Vendors change design
• Engineers requisition wrongly
• Buyers do not buy optimally

A stock review and effective spares part management will:

• Identify duplicates
• Identify excess items
• Identify surplus items
• Identify insurance items
• Items Identify interchangeable

Benefits

• Elimination of stocking near equivalent spares under different categories
• Effective planning and support to preventive maintenance program
• Reduced inventory cost
• Required spares are always readily available
• Alternate sources of OEM spares identified for easy procurement and therefore less lead time

Spares Material Management Training

MCP have extensive experience of providing a spares management training course. The course helps managers with responsibility for spares and materials improve the use and cost of spare parts.  They will be able to do this by ensuring inventory is kept to a minimum and understanding that turning over quickly is a key feature of cost management. 

MCP have worked with Eggborough Power, Ferrybridge, Johnson and Johnson, Warbutons, Cadburys, British Bakeries, BNFL providing a range of parts and inventory management services.