#MRO INVENTORY MEANING HOW TO#
#MRO INVENTORY MEANING SOFTWARE#
#MRO INVENTORY MEANING TV#

#MRO INVENTORY MEANING HOW TO#

These can be very helpful if you are comfortable with the methodology being used and know how to interpret the results.

#MRO INVENTORY MEANING SOFTWARE#

There are companies that will take your data and calculate reorder points for you using various software and statistical models. Consignment, vendor stocking and other arrangements can reduce material lead times to the point where there is no need to carry an item in the storeroom inventory, but availability is still not an issue.Īssuming you decide that you do need to stock a part, how do you determine what the right stocking level is, and whose responsibility is it to make the decision? Whether an item is critical or not, if you can survive without it for longer than it takes to get a replacement and not incur a significant loss or assume an unacceptable level of risk in the meantime, then you may not need to actually stock that part at all. However, “readily available” doesn’t necessarily mean on hand or even on site. Both premises can be debated, but the crux of the argument is valid: There are some materials that just simply need to be readily available at all times. There are some people who suggest that critical spare parts must be in the storeroom in fact, some even submit that critical spares should be the only items in the storeroom. Throughout this article, I’d like to address some of the considerations involved in making these difficult decisions, and then suggest one method for helping to determine the appropriate stocking levels for your own materials.īefore concerning yourself with stocking levels, the first question to ask is whether there is actually a need to stock a particular item. Unfortunately, as with prunes, the answer often is: “it depends.” Is three widgets enough? Is six gizmos too many? I often get asked: “How do we determine the right stocking levels for our parts?” People want to know what the “magic formula” is. There probably aren’t too many MRO storerooms stocking prunes these days, but there are plenty that are wrestling with these same challenges as they try to optimize their inventory. The point of the ad was that there’s no right amount for every situation it depends on the circumstances. If not, you can Google Fletcher’s Castoria later.

#MRO INVENTORY MEANING TV#

In the 1960s, there was a TV commercial that posed the question: “Is three enough? Is six too many? You never know with prunes.” If you’re old enough to remember it, then you probably recall what it was about.

Mro inventory meaning