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Reducing Costs through Spares Optimisation and Rationalisation

An Interactive 5-Day Training Course

Reducing Costs through Spares Optimisation and Rationalisation

Spares Optimization and Management

NASBA
Classroom Schedule
Date Venue Fees
17 - 21 Aug 2026 Dubai $ 5,950

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 Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Options & Brochure
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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