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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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Click here to register /wp-content/uploads/2024/10/Craig-Taylor.png Craig is the Principal of Casmat Engineering, a Facility and Asset Management company based in NSW that has been providing a range of services to organizations in Australia and New Zealand for over 30 years. He is a Chartered Professional Engineer specializing in Asset Management and Mechanical Engineering, and holds […]
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