PROCUREMENT 9 Keys to Maximizing Profits and Equipment Uptime through Inventory Management for Maintenance Parts MEMO 2011 Conference in Saskatoon Gallery C November 7th, 2011 By Robert Lamarre, B.B.A., M.A.Sc. President of IMAFS inc. & GCRL inc. Robert Lamarre - All rights reserved
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9 Keys to Maximizing Profits and Equipment Uptime through Inventory Management for Maintenance Parts
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PROCUREMENT 9 Keys to Maximizing Profits and Equipment
Uptime through Inventory Management for
Maintenance Parts
MEMO 2011 Conference in Saskatoon Gallery C
November 7th, 2011
By Robert Lamarre, B.B.A., M.A.Sc.
President of IMAFS inc. & GCRL inc.
Robert Lamarre - All rights reserved
1. Parts classification
2. Managing service
3. Managing demand
4. Forecasting demand
5. Managing lead times
6. Optimizing inventory parameters
7. A good inventory optimization system
8. Clarifying roles and responsibilities
9. Policies, procedures and key performance indicators
2 Robert Lamarre - All rights reserved
True or false: all parts are created equal ?
Classify the parts in relation to both their relative
importance on operations (criticality) and
frequency of usage
Classify the parts taking into account inventory
strategies
Pareto on hits and value
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4
Identify product family and demand stream
Critical or
not
Stock or
non stock
New
Inactives (no usage for X
months)
A B C D Based on Hits or
usage value
Updated Annually Monthly Manual
Reparable or
not
Obsolete or
not
Cla
sse
s
Robert Lamarre - All rights reserved
The reason we keep inventory
Analyzing our performance is important
Ability to supply the parts when needed
Estimate parts availability
Service goals to be determined for each product class,
each product family and each warehouse
The system has to adjust Min-Max to service goals
80 – 20 Rule -> Focus on important items
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Measures existing levels
Allows service goals on part’ criticality level
Allows service goals by class, by family, by warehouse
Safety stock set in line with service goals
Simulations to measure impact of service goals variations