MRO Inventory Management
Upcoming dates (1)
Fee
- $1,295
-
This course has a face-to-face or online attendance option.
ID
RA01031-C572
Credits
- CEU: 1.4
- PDH: 14
Schedule
- 11/9/2022 08:00am - 03:00pm Central Time
- 11/10/2022 08:00am - 03:00pm Central Time
Instructor
Joe Anderson
Location
Accommodations
Room: rates start at $139
Reserve by: Oct. 8, 2022
Cancellation Policy
If you cannot attend, please notify us no later than one week before your course begins, and we will refund your fee. Cancellations received after this date and no-shows are subject to a $150 administrative fee. You may enroll a substitute at any time before the course starts.
Course Overview
Maintenance, repair and operations (MRO) inventory must be well-managed and organized to minimize ordering and storage costs, and more importantly, unplanned downtime due to a stockout of an MRO item. The risks and costs associated with unplanned machine downtime is a key consideration for establishing inventory quantities. MRO best practices will be presented along with methods for closing gaps. The course includes a case study of a company improving its on-hand availability of MRO parts, while reducing on-hand inventory from $14 million to $2 million in less than 2 years.
Who Should Attend?
- Purchasing professionals responsible for repair, maintenance and operations inventory
- MRO store supervisor
- Plant managers
- Operations managers
- Asset, reliability, and maintenance managers
- Maintenance supervisors and team leaders
- Maintenance planners and schedulers
Additional Information
This course is part of the Maintenance and Reliability Management Certificate. Enhance your maintenance skills while earning a recognized credential.
Course Outline
Job Kitting and the Importance of the Storerooms Role
- Kitting Process
- Storage
- Delivery
Inventory Management
- Classification
- Analysis of variance by usage
- ABC Analysis
- Economic Order Quantity (EOQ)
- Replenishment and reorder methods
- Forecasting techniques
- Cycle counting strategies
- Safety Stock
- Critical Spares
- Managing obsolete inventory
Managing Supplier Controlled Inventories
- Setting vendor expectations
- Establish vendor-controlled inventories
- Establish consignment inventories
- Manage consignment inventories
Testimonials
"The certificate program has been beneficial to my career. Thank you!"
—Cesar Raygoza, Morse Automotive
Instructor
Joe Anderson
Joe Anderson is the COO for ReliabilityX. He began his maintenance career, while in high school, working for Tyson (formally IBP). He possesses over 20 years of leadership experience improving maintenance departments processes for Fortune 500 companies in the food and beverage, and pharmaceutical industries. Joe is the author of a column in Plant Services magazine and is a recognized leader in reliability. He holds a Bachelor's Degree in Business from Strayer University. He is a CMRP, CRL, CARO, MLT2, MLA1, LSSGB, IAM-55k, CRL Black Belt and was recognized as one of the top 50 leaders in the country by the United States Congress, being awarded the National Leadership Award.
MRO Inventory Management
Location: Madison, WI or Live Online
Course #: RA01031-C572
Fee: $1,295
Fee
- $1,295
-
This course has a face-to-face or online attendance option.
Credits
- CEU: 1.4
- PDH: 14
Schedule
- 11/9/2022 08:00am - 03:00pm Central Time
- 11/10/2022 08:00am - 03:00pm Central Time
Instructor
Joe Anderson
Location
Accommodations
Room: rates start at $139
Reserve by: Oct. 8, 2022
Cancellation Policy
If you cannot attend, please notify us no later than one week before your course begins, and we will refund your fee. Cancellations received after this date and no-shows are subject to a $150 administrative fee. You may enroll a substitute at any time before the course starts.
MRO Inventory Management
Course #: RA01031MRO Inventory Management
Date: Wed. November 10, 2021 – Thu. November 11, 2021ID: RA01031-C336
Fee:
- $1,095
-
Fee covers online instruction and course materials.
- CEU: 1.2
- PDH: 12
MRO Inventory Management
Date: Wed. November 18, 2020 – Thu. November 19, 2020ID: RA01031-U343
Fee:
- $1,095
-
Fee covers online instruction and course materials.
- CEU: 1.2
- PDH: 12
Create a custom learning experience
We can deliver this course as an on-site learning experience tailored to your organization’s specific training needs.
On-site / Customizable
We Bring It to You
Build a tighter team with an on-site training course. Choose from our most popular topics. We’ll create a collaborative experience based on your class size and specifications.
We Build It for You
Shape a course to meet your specific training needs. Add specialized topics and technology. Tweak the course materials. Make it yours. We’ll make it possible.
We Create It With You
Start from scratch with an unbiased analysis of your company’s training needs. We’ll help you pinpoint opportunities and develop a smart program for your in-house talent.