Materials Planning and Forecasting for Spare Parts Management

Available Dates

Nov-04-2024

Kuala Lumpur
Dec-02-2024

Kuala Lumpur
Dec-30-2024

Kuala Lumpur
Jan-06-2025

Kuala Lumpur
Feb-03-2025

Kuala Lumpur
Mar-03-2025

Kuala Lumpur
Apr-07-2025

Kuala Lumpur
May-05-2025

Kuala Lumpur
June-02-2025

Kuala Lumpur
June-30-2025

Kuala Lumpur
July-07-2025

Kuala Lumpur
Aug-04-2025

Kuala Lumpur
Sep-01-2025

Kuala Lumpur
Sep-29-2025

Kuala Lumpur
Oct-06-2025

Kuala Lumpur
Nov-03-2025

Kuala Lumpur
Dec-01-2025

Kuala Lumpur
Dec-29-2025

Kuala Lumpur

Dates in Other Venues

Nov-04-2024

Istanbul
Nov-11-2024

Paris
Nov-11-2024

Singapore
Nov-18-2024

London
Nov-18-2024

Amsterdam
Dec-02-2024

Istanbul
Dec-09-2024

London
Dec-09-2024

Amsterdam
Dec-16-2024

Singapore
Dec-16-2024

Paris
Dec-30-2024

Istanbul
Jan-06-2025

Istanbul
Jan-13-2025

Paris
Jan-13-2025

Singapore
Jan-20-2025

Amsterdam
Jan-20-2025

London
Jan-27-2025

Barcelona
Jan-27-2025

Dubai
Feb-03-2025

Istanbul
Feb-10-2025

Singapore
Feb-10-2025

Paris
Feb-17-2025

Amsterdam
Feb-17-2025

London
Feb-24-2025

Barcelona
Feb-24-2025

Dubai
Mar-03-2025

Istanbul
Mar-10-2025

Paris
Mar-10-2025

Singapore
Mar-17-2025

London
Mar-17-2025

Amsterdam
Mar-24-2025

Barcelona
Mar-24-2025

Dubai
Apr-07-2025

Istanbul
Apr-14-2025

Singapore
Apr-14-2025

Paris
Apr-21-2025

Amsterdam
Apr-21-2025

London
Apr-28-2025

Barcelona
Apr-28-2025

Dubai
May-05-2025

Istanbul
May-12-2025

Paris
May-12-2025

Singapore
May-19-2025

London
May-19-2025

Amsterdam
May-26-2025

Dubai
May-26-2025

Barcelona
June-02-2025

Istanbul
June-09-2025

Singapore
June-09-2025

Paris
June-16-2025

Amsterdam
June-16-2025

London
June-23-2025

Barcelona
June-30-2025

Istanbul
June-30-2025

Dubai
July-07-2025

Istanbul
July-14-2025

Singapore
July-14-2025

Paris
July-21-2025

Amsterdam
July-21-2025

London
July-28-2025

Dubai
July-28-2025

Barcelona
Aug-04-2025

Istanbul
Aug-11-2025

Paris
Aug-11-2025

Singapore
Aug-18-2025

London
Aug-18-2025

Amsterdam
Aug-25-2025

Dubai
Aug-25-2025

Barcelona
Sep-01-2025

Istanbul
Sep-08-2025

Paris
Sep-08-2025

Singapore
Sep-15-2025

London
Sep-15-2025

Amsterdam
Sep-22-2025

Barcelona
Sep-29-2025

Dubai
Sep-29-2025

Istanbul
Oct-06-2025

Istanbul
Oct-13-2025

Paris
Oct-13-2025

Singapore
Oct-20-2025

London
Oct-20-2025

Amsterdam
Oct-27-2025

Dubai
Oct-27-2025

Barcelona
Nov-03-2025

Istanbul
Nov-10-2025

Singapore
Nov-10-2025

Paris
Nov-17-2025

London
Nov-17-2025

Amsterdam
Nov-24-2025

Dubai
Nov-24-2025

Barcelona
Dec-01-2025

Istanbul
Dec-08-2025

Singapore
Dec-08-2025

Paris
Dec-15-2025

Amsterdam
Dec-15-2025

London
Dec-22-2025

Barcelona
Dec-29-2025

Dubai
Dec-29-2025

Istanbul

Course Details

Accurate materials planning and forecasting are critical components in the management of spare parts, directly influencing the efficiency and reliability of industrial operations. Inadequate planning can lead to costly downtimes, excess inventory, or critical shortages, which can disrupt production processes and impact overall business performance.

This course explores the technical and methodological aspects of materials planning, focusing on the application of demand forecasting models, inventory control practices, and materials requirements planning (MRP) within the context of spare parts management. Participants will engage with practical scenarios and case studies to deepen their understanding of how to address the challenges of variability in demand and the complexities of managing spare parts inventory in dynamic industrial environments.

Through this course, attendees will gain the expertise needed to align materials planning with organizational goals, optimize inventory levels, and implement strategies that ensure the availability of essential spare parts, thereby enhancing operational resilience and cost-effectiveness.

The objectives of this course are designed to equip participants with the essential knowledge and skills needed to excel in materials planning and forecasting for spare parts management. By the end of this course, participants will gain:

In-depth understanding of materials planning and forecasting for effective spare parts management
Skills and tools needed to accurate materials plan and forecast
Strategies and tools to forecast the demand for spare parts
The required methods to develop material requirements planning (DMP) for spare parts inventory management
The confidence to integrate inventory control procedures into materials planning and forecasting processes
Best practices to manage spare part inventory, and optimize its level

Professionals involved in the complex task of managing and forecasting spare parts inventory must possess a deep understanding of materials planning processes and strategies to ensure operational efficiency and cost-effectiveness. This course is ideal for:

Materials Managers
Inventory Managers
Supply Chain Managers
Maintenance Managers
Procurement and Purchasing Professionals
Operations Managers
Production Planners
Warehouse and Logistics Managers
Maintenance Engineers and Technicians
IT and System Professionals

Our courses in Kuala Lumpur take place at the following location :

Level 32 , Menara Prestige, 1, Jalan Pinang, Kuala Lumpur, 50450 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction Material Planning and Forecasting

Definition and significance of material planning and forecasting
Overview of spare parts management: Definition, benefits and impact
Roles and responsibilities of material managers within the organization
Fundamentals of demand forecasting and its applications in spare parts management
Challenges and pitfalls in spare parts planning and forecasting
Real-world examples of material planning and forecasting for spare parts management

Demand Forecasting for Spare Parts

Describing demand forecasting types
Analyzing factors affecting the demand for spare parts
Exploring demand forecasting models for spare parts:

Time series analysis
Casual models
Regression analysis

Techniques for integrating inventory control practices with demand forecasting
Best practices to optimize the accuracy of demand forecasting
Practical exercise: Create and evaluate demand forecasts

Materials Requirements Planning (MRP)

Introduction to materials requirements planning (MRP): Definition, objectives, and functions
Steps in material requirement planning (MRP):

Quantity requirements identification
MRP calculation
Orders completion

Steps of developing bill of material (BOM) for spare parts
Steps for developing master production schedule (MPS) for spare parts
Understanding the MRP process: Explosion, Netting, Offsetting, and Lot sizing
Best practices for creating MRP for spare parts inventory management
Case study on the implementation of MRP in real-world scenarios

Spare Parts Inventory Management

Identifying the significance of spare parts inventory management
Best practices for managing spare parts inventory
Formulas for calculating safety stocks
Methodology of classifying spare parts: ABC analysis
Best practices for selecting and managing suppliers
Practical exercise: Analyzing spare parts inventory management reports

Best Practices for Optimizing Spare Parts Management

Importance of aligning planning and forecasting with organizational strategy
Strategies for evaluating and optimizing inventory levels
Techniques for identifying and evaluating risks in spare parts management
Discovering metrics and KPIs to measure the performance of optimization practices
Discussing the usage of emerging technologies in material planning and forecasting
Case study on spare parts management leaders
Final presentation on material planning and forecasting

Materials Planning and Forecasting for Spare Parts Management

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