The Nine Keys to Maximizing Profits and Equipment Uptime through Inventory Management for Maintenance Parts

We will present the summary of a number of case studies whereby mining organizations have succeeded in maximizing equipment uptime by reducing the number of maintenance parts stock outs by more than 80% while scaling down total inventory maintenance parts by more than 20%. We will present a thorough comprehensive methodology to improve business processes in order to optimize inventory management and forecasting. We will examine: ? Demand management optimization ? Forecasting organization ? Inventory management parameters optimization ? Improved replenishment processes ? Inventory optimization and the right KPIs and exception reports We will provide cases in point such as Areva in Africa, Cambior (IAMGOLD) in South America, Osisko Mining Corporation, Barrick Gold/Bousquet Mine and Aurizon Mines Ltd./Casa Berardi in North America. We will discuss how Inventory Management World Best Practices operates in a maintenance environment. We will present how an integrated approach, coupled with a strong Enterprise Asset Management or CMMS system with an Inventory Optimization system specially designed to manage spare parts, actually promises and delivers results.