Under ISO55000 standards, companies must demonstrate effective management of asset data from project start to end of life. This includes having procedures for spare parts cataloging and inventory management. The document outlines RAMsoft's 6-phase process for improving spare parts inventory: 1) Audit current practices, 2) Define procedures, 3) Cleanse master data, 4) Rationalize inventory, 5) Optimize stock levels, 6) Measure effectiveness. RAMsoft tools and workshops can help companies standardize data, identify issues, reduce duplicates and optimize inventory levels to achieve savings of up to 70% according to case studies.
New for 2018 MRO master data auditing and cleansingDavid Thompson
New Workshop developed due to high number of company's inventory systems with poor data leading to high number of duplicates, lack of focus on cost reduction, excess downtime
New for 2018 MRO master data auditing and cleansingDavid Thompson
New Workshop developed due to high number of company's inventory systems with poor data leading to high number of duplicates, lack of focus on cost reduction, excess downtime
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3 Day Spares Optimisation Course (Multiple Venues)David Thompson
Ramsoft are offering a 3 day course teaching delegates how to optimise their Spares Inventory and the potential cost savings which can be achieved from improving Spares Management
SCOR uma realidade em Logística. O modelo de pratica de negócio mais atualizado produzido de forma colaborativa por grandes empresas do mercado internacioal e organizado pelo SCC Supply Chain Council.
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PFMEA, Risk Reduction and Effectiveness – Advance (AIAG FMEA #4 Edition)
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Smu mba sem 4 OM spring 2016 assignments, smu solved assignments ,smu assignments ,smu mba assignments ,smu mba solved assignments ,smu mba spring 2016 assignments
3 Day Spares Optimisation Course (Multiple Venues)David Thompson
Ramsoft are offering a 3 day course teaching delegates how to optimise their Spares Inventory and the potential cost savings which can be achieved from improving Spares Management
SCOR uma realidade em Logística. O modelo de pratica de negócio mais atualizado produzido de forma colaborativa por grandes empresas do mercado internacioal e organizado pelo SCC Supply Chain Council.
Bba501 & production and operations managementsmumbahelp
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
Do you know the current gaps in your lubrication program? If not use this maturity matrix to identify the gaps based on known best practices. This is one great tool anyone can use who are looking to optimize their lubrication program. Review the matrix with your maintenance staff and ask for their comments.(comments by a maintenance staff will give you an indication of their lubrication knowledge)
PFMEA, Risk Reduction and Effectiveness – Advance (AIAG FMEA #4 Edition)
Is your FMEA performing for you?
This is advance level of PFMEA, Have basic understanding fo Core IATF Tools before refering to this presentation.
Water scarcity is the lack of fresh water resources to meet the standard water demand. There are two type of water scarcity. One is physical. The other is economic water scarcity.
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(C) 2024 Robbie E. Sayers
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Final project report on grocery store management system..pdfKamal Acharya
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Quality defects in TMT Bars, Possible causes and Potential Solutions.PrashantGoswami42
Maintaining high-quality standards in the production of TMT bars is crucial for ensuring structural integrity in construction. Addressing common defects through careful monitoring, standardized processes, and advanced technology can significantly improve the quality of TMT bars. Continuous training and adherence to quality control measures will also play a pivotal role in minimizing these defects.
Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
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Event Management System Vb Net Project Report.pdfKamal Acharya
In present era, the scopes of information technology growing with a very fast .We do not see any are untouched from this industry. The scope of information technology has become wider includes: Business and industry. Household Business, Communication, Education, Entertainment, Science, Medicine, Engineering, Distance Learning, Weather Forecasting. Carrier Searching and so on.
My project named “Event Management System” is software that store and maintained all events coordinated in college. It also helpful to print related reports. My project will help to record the events coordinated by faculties with their Name, Event subject, date & details in an efficient & effective ways.
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COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdfKamal Acharya
The College Bus Management system is completely developed by Visual Basic .NET Version. The application is connect with most secured database language MS SQL Server. The application is develop by using best combination of front-end and back-end languages. The application is totally design like flat user interface. This flat user interface is more attractive user interface in 2017. The application is gives more important to the system functionality. The application is to manage the student’s details, driver’s details, bus details, bus route details, bus fees details and more. The application has only one unit for admin. The admin can manage the entire application. The admin can login into the application by using username and password of the admin. The application is develop for big and small colleges. It is more user friendly for non-computer person. Even they can easily learn how to manage the application within hours. The application is more secure by the admin. The system will give an effective output for the VB.Net and SQL Server given as input to the system. The compiled java program given as input to the system, after scanning the program will generate different reports. The application generates the report for users. The admin can view and download the report of the data. The application deliver the excel format reports. Because, excel formatted reports is very easy to understand the income and expense of the college bus. This application is mainly develop for windows operating system users. In 2017, 73% of people enterprises are using windows operating system. So the application will easily install for all the windows operating system users. The application-developed size is very low. The application consumes very low space in disk. Therefore, the user can allocate very minimum local disk space for this application.
MRO Spare Parts Improvement Programme Conforms to ISO55000
1. Introduction
Under ISO55000, a company must demonstrate that it is managing its assets from the project phase to
end of life.
For the assets, e.g. spare parts, a company must:
• Demonstrate that it is managing its data (cataloguing, issue, returns, receipts, etc)
• Have procedures in place (cataloguing, initial spares purchasing, inventory man)
• Demonstrate risk-based decisions
• Demonstrate continuous improvement
In our experience the creation of MRO Spare Parts Master Data is typically done very badly at the
project phase and continues into the asset ownership phase. See attached flyer, listing several case
studies.
Poor cataloguing leads to duplicate stock, loss of time trying to find spare parts, emergency purchases,
excess stocking and hence excess costs.
Depending how bad you currently are, there is a potential for significant savings.
RAMsoft have been conducting workshops to help companies optimise and reduce their inventory for
several years.
RAMsoft have developed several tools to support reductions in inventory.
• MRO-Strip, a tool to identify duplicate line items, most companies have between 10-15%
duplicates
• MRO-OPT, a tool to optimise stock levels and to show % cost savings
• MRO-BOM, a tool to support BOM building
• MRO-Auditor, for conducting MRO Spare Parts Master Data Audits very effectively
• MRO-CleanIT, to cleanse the spare part master data with standardised part descriptions and part
numbers
RAMsoft have also developed an inventory reduction process based on the following 6 phases:
Audit
Define Process & Guides
Cleanse
Rationalise
Optimise
Measure Effectiveness
Is Your MRO Spare Parts Improvement
Programme ISO55000 Compliant?
Maintenance, Reliability & MRO Spare Parts Specialists
2. Phase 1 Auditing
The first step for any inventory improvement programme is an understanding of the company’s issues.
The scope of an inventory management audit can cover the following areas:
• MRO Best Practices (a structured questionnaire is used to evaluate best practices in managing
spare parts effectively)
• MRO Written Procedures and Guides (the documents required for each phase of an item’s life)
• Master Data Review (short description formats, nouns and modifiers, Mfg. & Vendor P/Ns,
Vendor and Mfg. names, review of duplicates)
• Inventory replenishment control parameters (an evaluation of current ROP, OQ, Min-Max, etc)
In this document, we will mainly discuss activities related to spare parts master data.
A company’s downloaded inventory data is mapped and imported to our MRO-Auditor tool. MRO-
Auditor contains over 200 saved filters and queries to facilitate the master data review by noun, etc.
A report is issued detailing the findings good and bad - remember poor cataloguing represents potential
savings.
Typical findings from our audits are:
• Short descriptions have inconsistent formatting
• Qualifiers or Modifiers are not identified
• Vendors’ names included in the short description
• Lack of attribute data in the short description, and inconsistent sequencing
• MPNs have inconsistent formatting
• MPNs fields are a mix of Vendors and MPNs
• 10-15% duplicate line items
• Inconsistent abbreviations used
• Abbreviations are not used when they should be
• Multiple suppliers for the similar material
Comments on poor cataloguing will be supported by screen shots from the MRO-Auditor tool, a typical
example is:
The above is an example of the poor cleansing delivered by a consultant.
RAMsoft do not guarantee to find all types of inconsistencies, but the most common. Only during
master data cleansing will all issues be identified.
Phase 2 Procedures and Guides
ISO55000 states that a high level strategic plan (known as a SAMP) needs to be developed. The structure
of the SAMP varies between consultants and the various maintenance associations, this is because the
ISO55000 is not prescriptive.
The SAMP developed by Ramsoft, includes two elements relative to MRO Spare Parts:
• Initial MRO Spare Parts Planning (Project phase)
• MRO Spare Parts Management (Ownership phase)
3. The main reason for poor cataloguing, is that the cataloguing process is not documented in the project
phase, which includes CMMS population.
Even when a so called consultant has carried out the cataloguing or the cleansing the final quality is
poor. Unless you document all the rules and build criteria the cataloguing will not achieve a high quality.
Remember under ISO55000 you must demonstrate the management of data and that means how the
data is populated in the CMMS consistently
During the data cleansing phase, RAMsoft can prepare documentation that supports consistent
cataloguing in the future.
Documentation can include:
• Guides and rules used during the cleansing
• A list of all abbreviations
• Type guides to cover the type of spares stocked and the naming convention
The screen shot below, shows a typical Type Guide for Shaft Bushes.
Phase 3 Cleansing Master Data
The scope of cleansing will vary from company to company and will be CMMS dependant. For example,
Maximo users typically describe their spare parts using up to 75 characters, while SAP users are limited
to 40 characters. This means a SAP user must use many more abbreviations to describe a spare part.
RAMsoft using their MRO-CleanIT tool can clean up your master data. Using standardised descriptions,
a) located in a look up table when matched to a MPN and b) a table containing template descriptions,
when that MPN is not an exact match.
One of the reasons for duplicate stock is manufacturers & vendors use different naming conventions,
e.g. see for stainless steel A2, 304, SS, they could be all the same but used in MPN then you would not
be able to identify these. Therefore Phase 2 is essential, you must clearly identify your naming
conventions.
Benefits of cleansed master data are the identification of potential duplicates, ease of finding spares,
identification of standardisation and rationalisation opportunities and hence inventory reduction.
The following example shows the current part description and the cleansed description.
4. Phase 4 Rationalisation
Rationalisation is about reviewing your material and seeking inventory or cost reduction opportunities
Companies who have proceeded to the cleansing and rationalisation phases have achieved up to 60-70
% reduction in line items (for some material) by:
• Standardising part descriptions and MPNs
• Removing duplicates
• Standardising on the material specification
• Reducing the number of manufacturers
• Removing stock that is not fit for purpose (wrong specification)
The screen shot below shows that this company stocked 23 different manufacturers of bearings.
Rationalisation covers many of the 30 tactics, we cover in our 3 day workshop, including:
• Classifying the criticality of each spare
• Assigning classifications for ABC, HML, XYZ and demand classes
• Identifying OPMs and APMs
• Reducing stocking locations
• Conducting RCA for A items
• Conducting Spend Analysis
• Challenge stocking of slow movers
• Etc.
Further cost savings may be possible by proceeding to Phase 5 MRO Optimisation
Phase 5 Optimisation
Optimisation supports ISO55000 by making decisions based on risk, we set a Stock-out risk for each
spare part based on the item’s criticality. Opportunities for reducing inventory are identified by
determining the optimum ROP and OQ and then the most appropriate replenishment strategy.
Optimum ROPs are determined by:
• Assigning a service level to each spare part based on its criticality
• Identifying the true lead time (company plus supplier)
5. • Determining the average demand rate
RAMsoft propose three main replenishment strategies:
• ROP a fixed ROP and OQ
• Min-Max, a variable OQ to bring the stock level to a maximum
• Constant Vendor Delivery, based on JIT concepts
Costs savings are identified by looking for potential cost savings. Prioritisation is based on differential
financial value between the current average stock level and optimum average stock level.
The case study below is an example, where the optimum values are not appropriate, the options are
then to a) increase one or more control parameters, so that they are not the optimum values or b) move
to a different replenishment strategy. In this example a) was the best option.
The Author
David Thompson holds a B.Sc. (Hons) in Mechanical Engineering and has spent his entire career over 50
years in maintenance, reliability and spare parts management.
David has been a certified trainer in both Reliability and RCA for leading USA companies.
David has worked in many industries Steel, Mining, Utilities, General Manufacturing, Food & Beverage,
and Oil & Gas and worked in over 36 countries
David has conducted over 40 workshops on MRO Optimisation and Inventory Reduction including
CMMS data builds. He has conducted numerous audits of MRO Master Data and conducted optimum
inventory parameter evaluations.
David has developed procedures and guides to support effective CMMS inventory build and
management.
Workshops offered
• MRO Spare Parts Optimisation and Inventory Reduction
• MRO Spare Parts Master Data Auditing & Cleansing
Contact details:
David Thompson
MRO Spares Parts Consultant/Trainer
Ramsoft (UK)
Summerseat, Bury, BL0 5QW, Manchester.
dave@ramsoftuk.com
www.ramsoftuk.com
http://uk.linkedin.com/in/davidthompsonreliability
Ramsoft (UK). 23 Waterside Road, Summerseat. Bury, Lancs, UK. BL9 5QW