The purpose of this practice area is to refine the maintenance stores and acquisition process to streamline parts appropriation. It is focused on the right parts in the right place at the right time.
This may involve studying the existing flow of requested parts and improving the process to reduce wasted effort and inactivity. This would involve standardised stores and inventory practices.
Minimising poor use of the company’s assets can be accomplished through many ways. These actions may include:
- Improved turnover
- Cost control
- Efficient purchasing practices
- Judicious inventory counts
- Vendor stocking
- Recorded issuances
- Secured access
- Staffed coverage
- Close monitoring of min-max levels and reorder points
- Minimising unofficial stocking or “squirreling” of parts
If it is well managed, it can go a long way to ensure the best use of spares and materials.
Other activities may include:
- Inventory Transaction Tracking
- Inventory Optimisation and Planning