Spare Parts Inventory Management: A Complete Guide to Sparesology(R)addresses the issues confronting personnel duringthe entire life cycle of inventory management, from establishing a system for management, identifying the need for a part,to physical management, and even final disposal. All areas involving spare parts inventory are considered, includingfinancial implications, developing processes that allow for good decision making, establishing a robust parts identificationsystem, operation, maintenance, procurement, and stock takes.As a spare parts expert with extensive industry experience, author Phillip Slater has coined the word Sparesology to refer tothe discipline of optimizing the physical and financial processes, as well as the human resource management of spare parts.More than just inventory optimization, Sparesology requires an understanding of the complete ecosystem within whichspare parts are managed, and seeks to ensure that ALL factors influencing spare parts management work together inharmony to achieve and sustain an organization's goals.
Phillip Slaterhas more than 22 years of business improvement experience. While the last 12 of these have been spent in operations and management consulting, the first 10 were spent hands on in industry learning by direct experience. It was during this time, and by learning from both his successes and failures, that Phillip developed many of the approaches that his company, Initiate Action, applies today. Based on his experience, Phillip has authored a number of management books includingA New Strategy for Continuous ImprovementandSmart Inventory Solutions. Over the course of his career Phillip has worked in at least a dozen countries and across most industries. He presents training courses for APICS, is a member of the Australian Institute of Company Directors and The National Speaker s Association of Australia. Selected operational improvement achievements include: * As a manager, taking an underperforming manufacturer to be the profit leader in its group of companies* Assisting a client to achieve more than 20% in operational cost reduction* Assisting other clients to achieve tens of millions of dollars of operational improvements* Assisting a client to achieve a 42% reduction in inventory* Assisting other clients to release millions of dollars in cash from excess inventoryFor the past five years Phillip has donated his time as a Non Executive Director for Yooralla, one of Australia s leading disability service providers.In addition to his operations improvement consulting work, Phillip is also available for corporate speaking and training.