Production Spare Parts: Optimizing The MRO Inventory Asset

SKU
9780831132286
$47.95
Details

The authors involved in the composition of Production Spare Parts: Optimizing the MRO Inventory Asset are leading authorities on setting part stocking levels for safety stocks to support the production process.   These writers have shown that between 25 and 50 percent of the inventory investment is unnecessary.   As such, the overall objective of this text is to instruct readers on how to optimize their company’s spare parts asset to the best of their ability.  This compilation of best techniques and practices for optimizing MRO inventory offers numerous case studies for the improvement of plant inventory performance.  Based on practical solutions to everyday inventory problems, it uses simple, but useful metrics for setting and monitoring goals.

This book covers stocking theory and practice and uses the Pareto Principal throughout as the best way to achieve superior results with a minimum of investment of time by plant personnel.  Production Spare Parts also goes over the following subjects: 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; how to set and monitor goals for inventory improvement.

More Information
More Information
SKU 9780831132286
Description

The authors involved in the composition of Production Spare Parts: Optimizing the MRO Inventory Asset are leading authorities on setting part stocking levels for safety stocks to support the production process.   These writers have shown that between 25 and 50 percent of the inventory investment is unnecessary.   As such, the overall objective of this text is to instruct readers on how to optimize their company’s spare parts asset to the best of their ability.  This compilation of best techniques and practices for optimizing MRO inventory offers numerous case studies for the improvement of plant inventory performance.  Based on practical solutions to everyday inventory problems, it uses simple, but useful metrics for setting and monitoring goals.

This book covers stocking theory and practice and uses the Pareto Principal throughout as the best way to achieve superior results with a minimum of investment of time by plant personnel.  Production Spare Parts also goes over the following subjects: 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; how to set and monitor goals for inventory improvement.

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