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Course Schedule
Classroom Sessions:
DateVenueFees
18 - 22 Aug 2025 Dubai - UAE $5,950
Course Description

INTRODUCTION

Many companies do a bad job of managing their inventory effectively; there are many reasons for this. But it usually starts with bad submission of SPIRs, cataloguing and selecting initial spares.

This practical GLOMACS Reducing Costs through Spares Optimisation and Rationalisation training seminar covers aspects related to reducing inventory and costs of spare parts and is supported by case studies, software and practical exercises to aid understanding. There are very few courses conducted that deal with the practical issues of spares cataloguing and optimising spares.

After this GLOMACS training course, delegates will leave the training with tools and techniques that they can immediately apply in their own companies and start to reduce costs.

Excel Analysis worksheets containing all formulae will be provided to conduct your analysis.

Two analysis techniques will be covered; first using probability and the second using simulation (modelling) techniques for high value spares with logistic issues.

Objectives

  • To highlight current problems with spares management
  • To improve cataloguing of spares
  • To show how determine when to order scientifically - the reorder point
  • To show how many to order
  • To discuss principles of rationalising spares

Training Methodology

Use of PowerPoint slides, case studies, exercises using provided Excel Worksheets & discussions.

Organisational Impact

  • Reduce inventory carrying costs
  • Reduce stock turn ratios
  • Reduction in duplicate stock
  • Decision support techniques for high value, long lead time spares
  • Reduction in lead times

Personal Impact

  • Understand the stock management process
  • Raise awareness of how to select inventory levels
  • How to cataloque consistently
  • How to reduce stock outs and lead times

WHO SHOULD ATTEND?

  • Maintenance Managers
  • Engineers
  • CMMS Key Users
  • Analysts
  • Warehouse Managers and Supervisors
  • Project Engineers
  • Spares and Inventory Personnel
Course Outline

DAY 1

Introduction to Stock Management & Optimisation

  • Common Problems with Stock Management
  • Terms and Definitions
  • Initial Spares and Replenishment Process
  • Different Stocking Costs Associated with Stocking Spares
  • Spares Types
  • Spares Categories
  • Estimating Lead Times
  • Stock Replenishment Strategies
  • Exercise Lead Time

DAY 2

Effective SPIRS and Cataloguing

  • Purpose of the SPIR
  • Why they are submitted badly?
  • Poor Examples / Case Studies
  • Stock Item Coding and Naming Conventions
  • Major Differences Maximo & SAP
  • Should We Stock?
  • Exercise Cataloguing

DAY 3

Introduction to Failure Statistics & Setting ROPs, Safety Stock

  • Definitions
  • Failures & Spares
  • How to Measure Reliability
  • Weibull Analysis
  • Options for Determining Safety Stock
  • Poisson Distribution for Low, Medium and Fast Movers
  • Effect of Service Level
  • Determine ROPs & Safety Stock

DAY 4

How Many to Order & Optimising Spares

  • Exploring Order Quantity Formula
  • Effective of Ordering Too Many or Too Few
  • How the Formula doesn’t Work Every Time
  • Determine Initial Spares Parameters (using Excel Worksheet)
  • Estimating Annual Issue Quantities
  • Evaluating Current Stock Levels and Parameters
  • KPIs for Spares
  • Excel vs. MS Access
  • Evaluate Insurance Spares
  • Exercises using Excel Analysis Worksheet

DAY 5

Spares Work Process & Auditing Work Processes

  • Work Process for Spares and Purchasing Management
  • Audit Work Process
  • Planning the Audit
  • Conducting the Audit
  • Identifying Issues and Corrective Actions
  • KPI Reporting System
  • Exercise Auditing a Work Process
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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