Materials Management / Storerooms

Maintenance parts costs can count for 50-70% of the Maintenance budget. Do you have the correct Materials Management processes and activities in place for your organization to minimize your costs? What about an obsolescence program or a First In, First Out (FIFO) process? Do you know the carrying costs for parts stored at your site? Realize that every 3-5 years, you spend the cost of the parts in the storeroom again over the initial purchase price, in the form of carrying costs.

What is the shelf life for a wrapped ball bearing before the lubricant dissipates and metal-to-metal contact occurs? What about the shelf life for drive belts and how they should be stored? Do you have a spare rotating equipment PM program in place? How many "turns" of the inventory value should occur per year?

If you are struggling with your Materials Management and Storeroom practices, let People and Processes help you succeed through a combination of education, followed by coaching and mentoring to ensure your people can sustain the Best Practices.