Building a Solid Inventory Management Foundation

Presenter: Dan Floen, President of PM2.

Every company wants to get better at buying for less, but often companies overlook the tremendous cost saving impact of better managing what they already own, their spare parts inventory. This learning session will give you the building blocks you need to put your inventory management system on a rock solid foundation.
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PM2 Inventory Management White Paper

As Pasco Beverage’s business expanded, inventories had become fragmented and hard to manage. They knew they had a tremendous quantity of inventory and that much of it was not being managed within their system. They also suspected that employees were buying product “around” the system, so they really had no idea of what their actual inventory level, usage, or turns per year were.
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F&M Magazine Article

More Bang for Your Buck: Taming the Monster

By Dan Floen, Professional Materials Management

Somewhere, on the grounds or inside the facility, lurks the monster . . . a room jam-packed with maintenance and repair parts. Specifically what or how much is actually sitting inside the room is unknown. No process exists to manage this monster – which appears to be growing.
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Ideas Journal - Effective Materials Management.

Effective materials management involves a complex set of interactions between processes, suppliers, inventory and the data that links them all together. The goal is to analyze and balance these interactions to drive improvement and cost savings.
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PM2 Presents "Building A Solid Inventory Management Foundation" At "eMaint University" Webinar

PM2 and eMaint have partnered to provide complete and customized inventory management solutions to the marketplace. PM2 builds solid inventory management foundations, upon which eMaint's CMMS (Computerized Materials Management Software) can run smoothly and efficiently for our mutual clients. PM2 presented during eMaint's monthly "eMaint University" webinars to educate current and prospective clients on how to plan and implement a rock solid inventory management foundation.
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Inventory Management - Control Inventory Costs Part 1

Defining the Value of a Standardized Master Catalog of Materials Management Data
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Inventory Management - Control Inventory Costs Part 2

Defining the Value of a Standardized Master Catalog of Materials Management Data
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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MRO Inventory Management - Control Inventory Costs

Reducing and Managing MRO Inventory Costs Directly Affects Your Bottom Line - Today and Tomorrow
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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MRO Inventory Management

Reducing and Managing MRO Inventory Costs Directly Affects Your Bottom Line - TODAY
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Managing Your Excess MRO Inventory Can Help You Survive

In today's economic environment, it's a pretty safe bet that your company is looking to find and exploit every cost cutting and cost saving measure that can be identified. Often ignored until something fails, your MRO inventory now has the chance to be the "hero" in this new economic scenario.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Managing Your Excess MRO Inventory Can Help You Survive - Part 2

In part two of this series, we uncover still more ways to make your excess MRO inventory work for you.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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To 5S or Not to 5S: And What Is the 5S Method Anyway?

Any quick search of the internet will invariably lead companies to the 5S method of organizing their inventory, but what is it? Who benefits from it? How does it get done?
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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To 5S or Not to 5S: And What the Heck is 5S Method Anyway? - Part II

Last week, we took a look at what 5S is and who would benefit from it. If you have come this far with me, you may well be ready to tackle this daunting, but rewarding, task. This week we will delve deeper into the first two of the 5S's, "Sort" and "Set in Order". We will address the last three in next week's blog.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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To 5S or Not to 5S: And What the Heck is the 5S Method Anyway? - Part III

In our previous blogs, we reviewed what "5S" is and who would benefit from this type of program. We also looked more in depth at the first two of the 5 S's (Sort and Set in Order). Today, we will explore the last 3 S's (Shine, Standardize, and Sustain).
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Effective Inventory Management Strategy

Measuring your total cost of inventory baseline is the first step to developing an effective inventory management strategy . . .
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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The Value Of A Well Managed Spare Parts Inventory Environment

Putting your inventory management environment to work for you can mean big pay offs for your company . . .
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Building A Solid Spare Parts Inventory Management Foundation

Building A Solid Spare Parts Inventory Management Foundation - Frequently Asked Questions
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Taming The Inventory Monster!

If you're like a lot of businesses today, somewhere on the grounds or inside the facility is a room jam packed with maintenance and repair parts. You probably don't have any idea what's in the room since you have no process in place to manage the inventory.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Driving Business Performance through Improved Inventory Management; In a Down Economy

In this economy, businesses are looking for new ways to improve efficiencies and save money over the long haul. For many businesses, inventory management (particularly spare parts inventory) is one of the last bastions of opportunity.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Determining the Total Cost of Inventory Management

This week we will look more closely at procurement costs.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Factors Affecting the Measurement of Inventory Process Costs

Process Cost - Last week we explored factors to consider when measuring inventory costs, so this week we will look more closely at factors affecting the measurement of inventory process costs.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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Measuring Your Total Inventory Cost Baseline

Measuring Inventory Cost – Last week, I laid out the three key cost factors that should be included to accurately measure your total cost of inventory management baseline. The first key facter, which I'll talk about today, is inventory cost.
Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com
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