Inventory Control for Maintenance

TPC Training
Training overview
Professional Course
2 days

Course description

Inventory Control for Maintenance

Available in both virtual and in-person, instructor-led formats, this 2-day Inventory Control for Maintenance seminar focuses on building an inventory management system that will lead to better control through optimization of inventory quantities, organization of inventory and access to inventory. Having too much material, not enough material or having to search for the material leads to higher costs and can mean longer downtimes, not to mention the frustration! Having the right data and implementing procedural controls for your inventory will help maximize the value of every dollar spent on maintenance and reduce the time it takes to have the right part on hand when you need it.

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COVID-19 Update

In light of COVID-19, this provider is now delivering some or all of their courses online. Contact them for more information!

Who should attend?

This seminar is a must for anyone who is involved with maintenance at industrial plants, utilities or commercial and private building facilities. Attendees come from a wide variety of industries, skill levels, company sizes, and job titles, so if you’re not sure you’ll fit in or will benefit from the class, don’t worry-you will-as long as your job involves maintenance inventory

Training content

Day One

Day One of this 2-day seminar starts with an overview of inventory management. We’ll discuss basic concepts and best practices before diving into storeroom specifics.

Overview of Maintenance Inventory Management

  • Role of Maintenance in Organizations
  • Importance and Impacts of Maintenance Inventory Management
    • How Inventory Impacts Profits
  • Methods and Concepts of Inventory Management

World Class Inventory Management

  • World Class Management Defined
  • How do You Compare to World Class?
  • Understanding World Class Management
  • Common Problems in Inventory Management

Inventory Management Team Concepts

  • Roles and Responsibilities in Inventory Management
  • Building an “Inventory Team” throughout the Organization
    • Committees
    • Setting Goals
    • Measuring Success
    • Rewards
    • Problem Solving
  • Building an “Inventory Team” with Vendors
    • What is a Good Vendor?
    • What can a Vendor Do for Me?
    • Selling the Vendor Your Program
    • Maximizing Your Vendor’s Value
  • Working with Management on the Program
  • Accountability and Ownership

Storeroom Requirements

  • Physical
  • Environmental / Climate Control
  • Receiving Doors and Locations
  • Documentation of Movement of Inventory
  • Housekeeping
  • Keeping Storerooms Clean

Storeroom Layouts

  • Physical Layout - ABC Analysis
  • Ideal Locations for Parts
  • Bins, Drawers, or Carousels
  • Item Location Systems
  • Security Systems
  • Stopping the Open Door Inventory Dilemma
  • Storeroom Process & Procedure

Day Two

Day two continues by discussing security and procedures.  Finally, we will discuss computerized systems, implementing storeroom changes and decision making.

Storeroom Security

  • Types, Levels, and Options
  • Why you Need a Secure Environment
  • Different Security Types
  • Who is Part of the Security Team?

Storeroom Procedures

  • Primary ID
  • Stores Stock Catalog
  • Part Descriptions
  • Getting Information on Every Potential Item
  • Store Stock Numbering
  • Identification of all Parts & Materials
  • Order Quantity EOQ
  • Order Point - Lead Time Usage, Safety Stock
  • Stock Index for ID
  • Inventory Classification
  • Location Codes
  • Stock Number or Bin Location
  • Bill of Materials (BOMs)
  • Consignment Inventory
  • Inventory Accuracy - Cyclical Count
  • Used Parts
  • Rebuilt Parts
  • Planning & Inventory Control
  • Insurance Items
  • Parts vs Kits vs Materials
  • Obsolete Items
  • Optimization of Inventory
  • Return Policies
  • Pre-Picking / Pre-Staging

Storeroom Contents

  • What Do You Need?
  • How Much Do You Need?
  • Open Stock vs. Free Issue
  • Controlling Additions and Deletions

Working with a CMMS (Computerized Maintenance Management System)

  • Bar Coding and Micro-Chip Technology
  • Connecting with your CMMS

Metrics & Decision Making Tools

  • Practical Measurements & Accounting Systems
  • Measuring Inventory Turns
  • Minimum / Maximum Levels
  • Service Levels
  • Analysis of Storeroom Measures Procedure
  • Measuring Vendors

Implementing a World Class Storeroom

  • Designing an Plan
  • Implementing a Plan

Costs

Course Fees: $1,195

Continuing studies

Upon completion of this seminar, the student will receive a Certification of Completion and .8 TPC Training CEUs per day attended. Most employers and many government agencies accept TPC Training CEUs to fulfill their continuing education requirements.

About TPC Training

TPC Training - The leader in live, instructor led maintenance training

TPC Training is the leader in maintenance, repair, and operator training, with complete solutions for a 21st century workforce to acquire, apply, and adapt essential technical and safety skills. With 2000+ classes annually, including 100+ cities, on-site at customer facilities, and online anywhere,...


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