Industrial Press MRO Inventory and Purchasing By Terry Wireman

150 pages, Illustrated

Published: December, 2007

ISBN 9780831133290

OVERVIEW

For over three decades, Terry Wireman has specialized in the improvement of maintenance and reliability. As an international expert in maintenance management, he has assisted hundreds of clients in North America, Europe and the Pacific Rim to improve their maintenance effectiveness. Through a new 10-volume Maintenance Strategy series, the author makes his expertise in the field accessible to industrial and facility organizations everywhere.

The second volume in the series, Inventory and Purchasing, shows the reader how to develop an inventory and purchasing program for MRO spares and supplies as part of an overall strategy. Specifically, the text focuses on the importance of a well organized storage location and part inventory numbering system detailing to the reader the most effective ways to accomplish this goal. The receiving and parts issues disciplines are discussed in detail with a focus on the value proposition for spare parts controls and justification of storeroom overhead. In addition, the appendixes provide examples of parts and detail storage conditions that can be utilized in developing or refining an inventory storage location.

Table of Contents

Overview: The Maintenance Strategy Series Process Flow
Chapter 1: Organizing MRO Inventory and Purchasing

• MRO Analysis
• Organization Configurations
• Stores Locations and Organization
• Part Identification
• Stocking Policies and Calculations
• Inflated Inventories
• Determining Storage Areas and Equipment
• Determining the Tracking System

Chapter 2: MRO Definitions and Transactions

• Finding Balances in MRO Management
• Determining Proper Stocking Policies
• Types of Spare Parts
• Factors that Drive MRO Inventory
• Work Flows in the MRO Inventory Department
• Free Issue Items
• Direct Purchase Items

Chapter 3: Tool Management

• Stocking Tools
• Tracking Tools
• Replacing Tools
• Purchasing Tools

Chapter 4: The Reordering Process

• Ordering Stock Items
• The Approval Process
• The Receiving Process

Chapter 5: Rebuildable Spares

• Issues with Rebuilds

Chapter 6: Returning Items to Stock

• The Return-to-Stock Process
• Controlling Stock Overages

Chapter 7: Adding and Deleting MRO Parts

• Adding Spare Parts
• Deleting Stock Items

Chapter 8: Making Financial Adjustments to MRO Inventories
Chapter 9: Maximizing Investment in MRO Spares

• MRO Improvement Initiatives
• MRO Materials Top Ten Enablers

Chapter 10: MRO Inventory and Purchasing Performance Indicators

• MRO Inventory and Purchasing
• Inventory and Procurement Problems

Glossary
Appendix: Economic Order Quantity, Reorder Points, and Safety Stock for MRO Inventory
Index