Webinar – Squirrel Stores – why do they exist and options for removal
26 February @ 12:00 pm - 1:00 pm AEDT
FREE FOR MEMBERS
A “squirrel store” is, as the name suggests, a store of spares kept outside the main stores system and warehousing program. These stores are not measured or controlled for quantity and, depending on storage practices, may also be lacking in quality. The use of spares from these stores remains a hidden cost and can mask the true cost of maintaining plant and equipment.
There are many reasons squirrel stores come into being. These will be discussed, along with how these extraneous stores can be eliminated.
The webinar will also cover real-world examples and solutions that may assist others in addressing the issue of squirrel stores.
This session forms the first in a webinar series presented by MRiAM – Challenges Associated with Spares Management During the Operational Phase – Webinar Series. In 2024, MRiAM presented a webinar series on managing spares, including guidance on quantities and related considerations. Since then, several forums have raised questions and prompted discussion about how to manage spares once they have been identified in the maintenance system and warehoused during the operational phase of a project. There has also been growing interest in related topics such as managing obsolete spares, “squirrel stores”, and maintaining spares holdings. The objective of this series is to address these topics and provide practical solutions from speakers who have identified these issues and can share proven approaches. Registering for this session will register you for all four sessions in the series.