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Production Spare Parts: Optimizing the MRO Inventory Asset
This book is just one of several titles in the category MRO (Maintenance, Repair, and Operations). More titles like this book may be found here.
by: Eugene C. Moncrief, Ronald M. Schroder, and Michael P. Reynolds
Topics include: extreme test method, incremental max, weighted average service level, next lead time, setting stocking levels, avoiding unnecessary purchases, recommended stocking levels, storeroom counter, central stocking, inventory initiative, cost bias, current lead time, part criticality, spares purchases, active items, lead time data, master warehouse, replenishment cost, new spares, storeroom inventory, reorder point, figure reviewed, disposal value, inventory tree, initial spares
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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 this book is to instruct readers in how to optimize their companys 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.
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.
CONTENTS
Inventory as an Asset
Assessing Risk
Setting the Reorder Point
Setting the Reorder Quantity
Determining Whats Excess
Avoiding Unnecessary Purchases
Unique Solutions to Everyday Inventory Problems
Setting and Monitoring Goals
Partnering with Others
Some Best Practices and Lessons Learned
Implementation
Reviews:
This book provides a review of what this company can do for you, I don't see any other help besides of that. The company goes through cases were this company have been working on in the past. Only well known formulas are provided.