EFFECTIVE SPARE PARTS MANAGEMENT REDUCING COST THROUGH OPTIMIZED SPARES INVENTORY
11 - 12 NOVEMBER 2026
COURSE INTRODUCTION
Spare parts management is a critical key functions in physical asset management. The availability of spare parts for maintenance and repairs is crucial for the uptime and effectiveness of assets, but high spare parts availability comes at a cost. The challenge is to effectively balance spare parts availability, working capital and operational costs.
Spare parts inventories can soon add up to tens of thousands of various items in a value of hundreds of millions RM. It is obvious that efficient spare parts inventory management can bring significant economies in operational costs.
COURSE OBJECTIVES
By the end of this programme, participants should be able to:
- Explain the core concepts, terminology and working principles related to Effective Spare Parts Management.
- Apply structured methods and industry good practices for Introduction to Spare Parts Management, Managing Inventory-Related Costs, and Maintaining Spare Parts Stock.
- Evaluate relevant mechanical & maintenance situations and identify risks, gaps and improvement opportunities.
- Translate the learning into practical workplace actions and sound technical decisions.
WHO SHOULD ATTEND
This programme is suitable for maintenance engineers, mechanical engineers, reliability teams, technicians, supervisors, plant personnel and operations teams responsible for equipment performance.
COURSE CONTENT
- Module 1: Introduction to Spare Parts Management: What is SPM?; Why manage spare parts; What is a spare parts?
- Module 2: Managing Inventory-Related Costs: Ordering; Holding; Human resources
- Module 3: Maintaining Spare Parts Stock: Maximum stock; Minimum stock; Lead time
- Module 4: Best practices in Storeroom organization: Parts bin locations; Vertical storage; Open racks
- Module 5: Inventory Optimization: Duplicate parts; Parts movement; Fast
- Module 6: Establishing Spare Parts Criticalities: What is spare parts criticality; How to set component criticality; Establishing visual set up
- Module 7: “Spare Part Usage” Cost Reduction Repair and spares workshops: Develop spare part usage record; Usage analysis; Establish failure consequences
- Module 8: Why Use Maintenance Software for Spare Part Management?: Computerised Spare Parts Management; What is CMMS; Use CMMS trends to set reorder levels
- Selection of right CMMS
