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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 […]
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The review of the Capital Program Spares Assessment process identified significant gaps that led to incorrect outputs and, at times, incomplete assessments. These issues resulted in inadequate spares being handed over at project completion, placing additional pressure on Operations and Maintenance teams to identify and procure requirements post-handover, causing delays and increased operational costs. To […]
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The webinar focuses on some of the typical challenges faced by Asset Engineers, Reliability & Maintenance Engineers, Maintenance Managers and Maintenance staff associated with Spares Management during the project transition phase into the project operation and maintenance phase. The webinar will explore some of the key elements during this phase of a project and highlight […]
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