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16 - MSE - Maintenance, Scheduling, Planning

MSE 125 - Reducing Costs through Spares Optimisation

Code Start Date Duration Venue
MSE 125 19 June 2023 5 Days Istanbul Registration Form Link
MSE 125 14 August 2023 5 Days Istanbul Registration Form Link
MSE 125 09 October 2023 5 Days Istanbul Registration Form Link
MSE 125 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

In today's competitive environment, it is imperative to monitor and control inventory as effectively as possible to maximize profits and remain competitive. One of the important things you must learn in order to manage your inventory smoothly is by submitting good SPIRs, cataloguing and selecting initial spares.  This course will provide you with practical and useful strategies to optimize your spare parts.

Course Objectives

  • Reducing inventory carrying costs
  • Reducing stock turn ratios
  • Reduction in duplicate stock
  • Decision support techniques for high value, long lead time spares
  • Reduction in lead times

Who Should Attend?

  • Maintenance Managers
  • Engineers
  • Analysts
  • Warehouse managers and supervisors
  • Project Engineers

Course Details/Schedule

Day 1

  • Stock control methods
  • Keeping track manually
  • Keeping track using computer software
  • Stock security
  • Control the quality of your stock
  • Stock control administration

Day 2

  • Initial spares and replenishment process
  • Spares types
  • Spares categories
  • Spare Parts Optimization
  • Spares list generation
  • Strategies and techniques to optimize critical spares

Day 3

  • Purpose of the SPIR
  • Poor examples/case studies
  • Stock Item coding and naming conventions
  • Major differences Maximo & SAP
  • Exercise cataloguing

Day 4

  • Failures & Spares
  • How to measure reliability
  • Weibull analysis
  • Options for determining safety stock
  • Poisson Distribution for low, medium and fast movers
  • Effect of Service Level
  • Determine ROPs & Safety Stock

Day 5

  • Accounting Procedures
  • Area for reducing Maintenance Costs
  • Economics’ Indicators of Maintenance Costs
  • Use of Contractors
  • Area Maintenance/ Zones/ Shifts
  • Company Maintenance Manpower