Online Courses

Group Live Training Course

Spares Optimization Spares Optimization

Duration: 1 Day

Early bird: $500

Regular registration: $650

Delivery Date
Early Bird
30 Sep 202430 Aug 2024

Course Overview:

Our 1-day Spares Optimization training course provides organizations with the knowledge required to capture opportunities which enables them to optimize and reinvent spares inventory and management systems resulting in significant short and long-term savings for clients.

Organisations should aim to stock the optimum quantity of spares parts to allow uninterrupted production activity whilst avoiding unnecessary or excessive stocks of spare parts. The cost of failing to do so can be high.

The topics in this course are illustrated via practical case studies for the delegates which are analysed and solved in a discussion-based environment.

  • Roles and responsibilities for Spares Analysts, Equipment Subject Matter Experts, MMS Custodian, Operations and Maintenance personnel, Suppliers and Construction contractors.
  • Classification of Spares: Commissioning, Operational, Insurance, Consumable, Repairable etc.
  • Scheduling of Activities
  • Required information.
    • Typical data items
    • Use of SPIL/SPIR format to record association of spares to parent equipment.
    • MMS upload file format
    • Process to identify and obtain missing information
    • Availability of OEM/Supplier maintenance Service
    • System/Equipment criticality
    • Organisational Maintenance Capability
  • Analysis techniques
    • Level of Repair Analysis (LoRA)
    • Failure Mode Effects and Criticality Analysis (FMECA)
    • Economic Order Quantity (EOQ) and Economic Stock Optimisation calculation
    • “Engineering Judgement”
  • Additional processes
    • Use of a “working database”
    • Removal of duplication and use of Bills of Materials
    • Identification of items for planned maintenance activities
    • Standardisation of descriptions
  • Quality assurance and Review/Approval of recommendations
    • Min/Max stock levels are recommended for each spares line item.
  • Preparation of Upload files
    • Number and format of files will vary depending on the target MMS
    • MMSs are complex so upload files are more numerous and contain more data fields than non-computing personnel usually expect.

The objective of the course is to familiarise attendees with the significant activities of the spares optimisation process, so that they are competent to ensure that they are all adequately addressed.

The course covers Roles and responsibilities, initial acquisition of information, various analysis techniques, data storing and processing and uploading of stock level data to a target Maintenance Management system (MMS).

The course is intended for Managers, Engineers, Inspectors and Technicians in the fields of:

  • Integrity & Inspection
  • Engineering
  • Maintenance
  • Process & Operations
  • HSE

From heavy industry but especially:

  • Oil & Gas
  • Petrochemical & Chemical
  • Refineries
  • Power & Utilities
  • Engineering
  • Nuclear
  • Registration will only be confirmed once payment is received in full and notification is received back from AIE.
  • It is the responsibility of the attendee to ensure that they have an adequate internet connection as well as audio and microphone facilities.
  • Payments are non-refundable in the event of a cancellation. However, substitute delegates are permitted at any time by providing advance notice to AIE.
  • In the event that AIE postpones the course and the delegate is unable or unwilling to attend on the rescheduled date, a full refund of monies will be provided.
  • AIE shall assume no liability in the event of this conference being cancelled due to any unforeseen or uncontrollable circumstances.