COURSE OVERVIEW:

The fundamental meaning of this course is the strategic alignment of spare parts availability with the technical requirements of a reliability-centered maintenance program. Industrial inventory is often viewed merely as a cost, but in a maintenance context, it is a "Risk Mitigation" tool. This course focuses on the balance between "Carrying Costs" (the cost of holding parts) and "Stock-Out Costs" (the massive cost of production loss due to a missing part), providing a mathematical and logical framework for optimization.

The scope of this training involves the technical classification of spares, the establishment of "Min/Max" levels, and the management of "Critical Spares" for high-priority assets. Participants will explore the "VED" (Vital, Essential, Desirable) analysis and how it differs from traditional "ABC" financial classification. The curriculum emphasizes the "Stores-Maintenance" interface, ensuring that the warehouse is not a silo but a functional partner that supports high "Wrench-Time" through kitting and staging.

Coverage includes the management of "Obsolete Stock," the implementation of "Vendor Managed Inventory" (VMI), and the technical preservation of spares to prevent shelf-degradation. Attendees will examine how to utilize "Data Analytics" within the CMMS/ERP to identify "Slow-Moving" items and how to calculate the optimal "Economic Order Quantity" (EOQ). By the end of this program, participants will be able to design a world-class stores operation that maximizes parts availability while minimizing unnecessary capital tied up in inventory.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Define the technical role of stores in a "Reliability-Centered" environment.
• Classify inventory using "ABC," "VED," and "FSN" (Fast, Slow, Non-moving) methods.
• Calculate "Safety Stock" levels based on lead time and failure probability.
• Establish "Economic Order Quantities" (EOQ) to minimize total costs.
• Implement a "Critical Spares" identification process for high-risk assets.
• Manage "Obsolescence" through technical review and disposal programs.
• Utilize "Kitting and Staging" to increase maintenance productivity.
• Implement "Preservation Standards" for electrical and mechanical spares.
• Calculate "Inventory Turnover" and "Service Level" performance metrics.
• Optimize "Warehouse Layout" for efficiency and safety of movements.
• Negotiate and manage "Vendor Managed Inventory" (VMI) agreements.
• Conduct "Cycle Counting" and "Stock Audits" to ensure data accuracy.

TARGET AUDIENCE:

This course is designed for Materials Managers, Warehouse Supervisors, Maintenance Planners, Spare Parts Coordinators, and Procurement Officers.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.