Show as: Mobile

Spare Parts Management (In-house)

LEORON Professional Development Institute
Training overview
Corporate / Group Training
3 days
From 3,290 USD

Start dates
3,290 USD
Inquire for more information

Course description

Spare Parts Management

The program would be an interactive 3-day course with many in class exercises including solving some of company’s problems in the class (given availability of data). It also includes few hours of working with software package called SMS for slow-moving and repairable spares and also an Excel based program for fast moving spare parts. The main subjects covered in the program are listed below. There are some flexibilities regarding some of the topics depending on client’s preferences.

  • Does your maintenance parts strategy align with your corporate and asset management life-cycle strategies?
  • Do you know what parts are critical and how they may fail in your operating context?
  • What are your fast-moving spares? What would be optimum reorder point?
  • What would be the most economic reorder quantity?
  • How to calculate optimum MIN and MAX for your inventory?
  • How to hit the right balance between risk of having too few spares and cost of inventory?
  • What are optimum minimum spares/safety stock for your slow-moving spares?
  • How many repairable spares to keep in your inventory to minimize total cost production and inventory costs?
  • How to work with SMS software package to calculate your minimum inventory requirements for both repairable and non-repairable spare parts?
  • How reducing replenishment lead times can save a company money?
  • Do you know how to prioritize your spare parts inventory improvement plans?
  • How co-locating and sharing can reduce costs?
  • What are the best KPIs for managing your spare part provisioning system?

Participants of this program will receive copies of the presentation material as well as supportive papers on the topics discussed.

Who should attend?

Successful Spare Parts Programs require the disciplined application of proven processes and interdepartmental partnerships. It is important for departments that are influenced and impacted by these processes to understand how to apply them. Engineers, analysts, planners, managers, and leaders responsible for the following functions will benefit from this training:

  • Engineering
  • Asset management
  • Reliability
  • Facilities, maintenance management, planning, and
  • Scheduling
  • Capital works, acquisition, planning
  • Material or through life support
  • Life cycle costing
  • Store rooms
  • Purchasing
  • Costs savings coordinators

Training content

Course outline:

  • What are types of inventory in manufacturing?
  • Key inventory issues
  • Types of production inventory
  • Setting the reorder point
  • Managing repairable spares
  • Setting the reorder quantity
  • Determining excess inventory
  • Ways to optimize inventory investment
  • Summary and conclusion

Certification / Credits

You will gain knowledge, develop new strategies and confirm what works with:

  • Skills that you will be able to apply immediately
  • You will be able to identify and define the Spare Parts environment
  • Develop and Manage effective Spare Parts program
  • Benchmark your existing spare parts program
  • Develop a continuous improvement spare parts program
  • Understand the elements that contribute to maintenance parts excellence
  • Understand the value a maintenance parts operation and how it contributes to maintenance and the assets they are supporting
  • Enhance your profit margins by stocking the right parts in the right place in right quantities for the right reason
  • Understand how to measure success for a Maintenance parts operation
  • Learn how to forecast parts requirements through the asset life-cycle

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...

Read more and show all training delivered by this supplier

Contact this provider

Fill out your details to find out more about Spare Parts Management (In-house).

  Contact the provider

  Get more information

  Register your interest

Country *

Contact info

LEORON Professional Development Institute


 Show phone number

Contact provider

Have a question about this course? Fill out this form and the provider will get in touch with you shortly

Training reviews

No reviews available

Need help with your search? offers a free consultancy service to help compare training for you and your team

Request a free quote

Request a free training quote