A well-organized maintenance store directly contributes to lowering business cost. Having the right parts in the store, the right number of parts on hand, bin locations, reorder quantities set builds confidence in the maintenance team. Rationalising down to the right number of parts lowers the financial outlay tied up in the parts store and helps maintenance to be seen as a value add department.

What does holding all of your maintenance inventory cost you? What does NOT holding a critical item cost you? How do you decide what to hold? Often we over estimate how much stock we actually need - on one hand this can lead to excessive monitoring of inventory, and on the other it can even lead to unnecessary maintenance as machines break down because the spares had deteriorated while waiting to be used! Of course, the opposite is also true - cut the inventory levels too deep, and you end up with downtime that you can't afford!

It is really important to take into account things like, criticality, rotable spares, lead time for delivery, part quality (OEM or not OEM), correct storage to keep the parts in good condition so they are ready when required. This workshop will have Opal Australian Paper share on their experience of optimising their maintenance spares and stores, their insights and learnings on the system they used for the considerable success they have achieved.

This Common Interest Work Group will also provide an opportunity to learn and share knowledge and experiences with others in industry. It provides the opportunity to understand what are people’s experiences and what processes are being used to optimise maintenance spares and stores.

Below are some of the things folks are keen to talk over discuss and share information and learnings on. In this workshop

Should we hold that spare ?
Critical spares
Max - Min stock levels & Re-order quantities
Genuine vs non genuine parts
Inventory numbering systems
Storage racks / cabinets etc
The new 'big focus' on risk-based thinking
Making holding decisions based on facts, not fear
Booking system
Reviewing usage of parts
Stock level accuracy
Auditing stock levels
Redundant equipment and parts
Rotable parts

Agenda (in AESt Timezone)

9:50am for 10am start

10:00 Intros and setting expectations

10:15 Opal Australian Paper’s experience with Optimising Maintenance spares/stores & systems

10:45 Other company shares/attendees presentations

11:30 Discussions

12:00 wrap up for 12:30 finish

Who Should Attend?

SIRF Common Interest Work Groups are for anyone interested in the topic of the day, and have the broadest attendance range of any of our events. Likely of interest to Maintenance Managers, Reliability engineers, Mechanical and Electrical Supervisors, Maintenance stores and inventory managers, Procurement professionals, Planners, Trades and anyone interested in this topic for discussion. Chances are good that if you’ve read this far, this event is for you !

FAQs

What will I need to participate in this event?

Access to a PC/ Tablet / Smartphone with Camera and mic

What software will I require?

Access to video conferencing either by downloading, or the web via computer, phone or tablet

How do I connect to my event?

You will be sent a link to access the event.

When do I need to register by?

Registration typically closes three business days before the event for Roundtable meetings

Investment?

This event is included in SIRF Roundtable membership

Who can I contact for further information?

info@sirfrt.com