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
This course is part of the Maintenance and Reliability Management Certificate. Enhance your maintenance skills while earning a recognized credential.
Job Kitting and the Importance of the Storerooms Role
- Kitting Process
- 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
"The certificate program has been beneficial to my career. Thank you!"
—Cesar Raygoza, Morse Automotive
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 ManagementCourse #: RA01031
MRO Inventory ManagementDate: Wed. November 09, 2022 – Thu. November 10, 2022
This course has a face-to-face or online attendance option.
- CEU: 1.4
- PDH: 14
MRO Inventory ManagementDate: Wed. November 10, 2021 – Thu. November 11, 2021
Fee covers online instruction and course materials.
- CEU: 1.2
- PDH: 12