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costs
Inventory
10
TO CONTROL
INVENTORY
COSTS
WITH
CMMS
WAYS
Part 1
Part 2
Part 4
Part 3
Track parts
The most core and basic
component of effective in-
ventory cost control is track-
i...
Manage replenishments and
determine the safety stock level
Try to keep your stock levels
at the sweet spot where
there is ...
Manage replenishments and
determine the safety stock level
Inventory
Reorder
point
Delivery
delay
Safety
stock
Time
Find redundant parts
Holding too much inventory
is not wise because you
need more stoage, your
warehouses become messy
and...
Keep it
Return to supplier
Sell it
Scrap it
Find redundant parts
and:
Get reports
Reporting is a starting point
from where you should
begin optimize your
maintenance inventory
costs.
With powe...
Work
Orders
Plan
Spare
Parts
Staff
Connect CMMS to ERP system
If the two systems are fully
integrated you can track
spare p...
Safety stock calculation
Using CMMS analysis choose spares
that are used rarely, have high price
and are expensive to stor...
Safety stock calculation
Then, choose one central place
where you prefer to store these
spare parts and retain inventory
t...
Safety stock calculation
By doing this you will get back some
money that were invested in inven-
tory and free up some sto...
Revise bill of materials
Bill of materials needed for
maintenance operations
may change over time.
This may cause in holdi...
Make sure parts and materials
are stored properly
Find out how all of
your inventory must
be stored and upload
this inform...
Revise your stocks physically
If you don’t check your in-
ventory from time to time
you may be surprised if you
don’t find ...
Work with vendors
Decrease the amount of
money freezed in invento-
ry by negotiating the
prices with your vendors.
Price
P...
Lower the costs associated
with storing of inventory
by agreeing about returns
and setting up a more reli-
able and fast s...
Integrate with vendors
ERP system and set up
automated reordering
system.
Reordering
Work with vendors
Price
ReorderingSup...
Curious how to improve your maintenance operations?
Logision now and start inspiring your employees!
Visitlogision.com
Preventative
maintenance
strategy
with CMMS
FEATURES OF
B2B E-COMMERCE PLATFORM
B2BSALES
PROSPECTING
METHODS
12
Benefits
o...
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10 Ways To Control Inventory Costs With CMMS Presentation

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Discover simple ways of reducing the costs of your inventory

Inventory related costs can make up a significant part of all costs of companies. At the same time keeping enough inventory is necessary for ensuring continues work of the whole company.

Read full text article: http://www.logision.com/knowledge/control-inventory-costs-with-cmms
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Published in: Business

10 Ways To Control Inventory Costs With CMMS Presentation

  1. 1. costs Inventory 10 TO CONTROL INVENTORY COSTS WITH CMMS WAYS
  2. 2. Part 1 Part 2 Part 4 Part 3 Track parts The most core and basic component of effective in- ventory cost control is track- ing spare parts and materi- als at your company. Powerful CMMSs allow you to keep track of each part and to find everything when you need.
  3. 3. Manage replenishments and determine the safety stock level Try to keep your stock levels at the sweet spot where there is always enough spares for your company needs and at the same time you don’t have excess in- ventory. Good CMMS can help you with that suggesting you the reorder point and the order quantity.
  4. 4. Manage replenishments and determine the safety stock level Inventory Reorder point Delivery delay Safety stock Time
  5. 5. Find redundant parts Holding too much inventory is not wise because you need more stoage, your warehouses become messy and you hold money in the inventory. If you are using a CMMS you will easily find spare parts that are in excess quantity.
  6. 6. Keep it Return to supplier Sell it Scrap it Find redundant parts and:
  7. 7. Get reports Reporting is a starting point from where you should begin optimize your maintenance inventory costs. With powerful CMMS sys- tems you can analyze cur- rent stock levels, average spare parts usage, work orders, purchase orders etc.
  8. 8. Work Orders Plan Spare Parts Staff Connect CMMS to ERP system If the two systems are fully integrated you can track spare parts and mainte- nance in one system with- out the need to import or export anything. Your reporting will be even more powerful if you use the data available in both ERP and CMMS systems.
  9. 9. Safety stock calculation Using CMMS analysis choose spares that are used rarely, have high price and are expensive to store and that you can easily transport between your sites. Site 1 Site 2 Site 3
  10. 10. Safety stock calculation Then, choose one central place where you prefer to store these spare parts and retain inventory that will be enough just for one or two sites. Site 1 Site 2 Site 3
  11. 11. Safety stock calculation By doing this you will get back some money that were invested in inven- tory and free up some storage space.Site 1 Site 2 Spares Site 3
  12. 12. Revise bill of materials Bill of materials needed for maintenance operations may change over time. This may cause in holding some spares that are not used at your company any- more. Powerful CMMS systems have tools that can analyze all your bills of materials and your inventory and find spare parts that are not needed anymore.
  13. 13. Make sure parts and materials are stored properly Find out how all of your inventory must be stored and upload this information to your CMMS. Then, check if spare parts and materials are stored correctly at your company.
  14. 14. Revise your stocks physically If you don’t check your in- ventory from time to time you may be surprised if you don’t find spare parts in store or find them in bad condition when you need them for urgent repair. In order to avoid such situa- tions create a schedule in CMMS and physically revise your stocks from time to time.
  15. 15. Work with vendors Decrease the amount of money freezed in invento- ry by negotiating the prices with your vendors. Price Price 1 $
  16. 16. Lower the costs associated with storing of inventory by agreeing about returns and setting up a more reli- able and fast supply chain. Supply chain Work with vendors Price Supply chain 1 2 $
  17. 17. Integrate with vendors ERP system and set up automated reordering system. Reordering Work with vendors Price ReorderingSupply chain 1 32 $
  18. 18. Curious how to improve your maintenance operations? Logision now and start inspiring your employees! Visitlogision.com
  19. 19. Preventative maintenance strategy with CMMS FEATURES OF B2B E-COMMERCE PLATFORM B2BSALES PROSPECTING METHODS 12 Benefits of using CMMS

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