Productive maintenance operation employing planned and scheduled maintenance activities are mainly supported by a well-managed storeroom that provides parts and materials whenever needed. An ineffective spares management process will result in at least 15% - 35% of machine down time, often due to the lack of necessary parts and materials to perform repairs correctly and quickly in the first time round.

Consequently, millions of dollars are tied up in spare parts for most organisation’s everyday Maintenance, Repair and Operations (MRO) management. Albeit the complexity involved, coupled with the time and resource factor, the purchasing and management of spares for daily maintenance, repair and operation is inexorable and of utmost critical towards maintaining, ensuring and reinforcing the reliability of machines, thus leading to the continuity of production and avoiding any costly downtime.

As such, it is now more critical than ever for plant operations, along with the support of other related departments to find solutions that will assist in synchronising its processes. This dynamically resourceful 1-day conference and 1-day training will look at the strategic insights that will inevitably equip practitioners with the confidence in their lead time analysis, thus empowering the characteristics of a good spares management framework. Most importantly, this interactive 2-day course would put you and your team on the vortex of reducing operational cost while escalating production results through the proactive strategies of managing spares.

For more information or an event brochure, please contact Miss Bernardine at BernardineM@marcusevanskl.com

Why should you attend?

· It is undeniable that maintenance activities cannot be fully carried out without having the support of good spares management practice. This 1 day forum and 1 day training would inevitably benchmark your organisation with the other industry leaders.

· Spares or replacement parts are essential towards maintaining, ensuring and reinforcing the reliability of the machine. This 2-day event will give you a clear idea on how to achieve a balance of the amount that is needed and how many are to be kept at any one time.

· Reduction of waiting times due to missing spares or deliveries is one of the fundamentals towards achieving best practice in MRO management. Practitioners to this event would be equipped with the knowledge of optimising and successfully profiling spares at hand.

· This interactive and productive course will look at the strategic insights and the processes that support effective spares management towards enhancing inventory management capabilities to reduce downtime, while efficiently maintain the production edge of any plant. Key Topics

· Spare parts cataloguing: Effectively acquiring and managing spares inventory to its optimum 

· Lead Time Analysis: Planning order points and quantities based on lead time to avoid plant downtime

· Monitoring large or slow moving inventories on a regular basis to release much-needed space in the spares inventory

· Meta-spares: Comprehending inventory as an asset by automatically restocking before the inventory on-site runs out

· Estimating the spares value and hidden cost to obtain true inventory costing

Attend this informative event and gain practical insights into:

· Minimising operational cost through effective measure of MRO spares management

· Improving stock holding confidence to reduce unnecessary spares stocked on-site

· Streamlining spares demand planning process towards gaining increased equipment reliability

· Creating efficient channels of communication between operations, engineering, maintenance, inventory and materials planning departments

· Reducing the risk of production downtime by optimising inventory held at site thus delivering significant operational and financial benefits 

· Tackling the challenges on lead time analysis towards achieving optimal spares provisioning

· Maintaining plant operational efficiency without incurring further costs through effective profiling of spares

Who should attend:

Senior VPs, VPs, Directors, Assistant Directors, General Managers, Senior Managers, Managers, Executives, Team Leader, Heads of:

• Spares Management
• Material Planning
• Supply Chain
• Maintenance
• Operations
• Purchasing/ Procurement
• Warehouse/ Inventory
• Finance
• Engineering
• Quality Control

From the full spectrum of industries including but not limited to:

• Oil and Gas
• Petrochemicals and Chemicals
• Energy and Utilities
• Heavy Industries: Steel, Mining, Coal, Aluminium