MRO INVENTORY MANAGEMENT & OPTIMIZATION

Strategies to Reduce Costs and Ensure Availability of Critical Spare Parts and Materials

Course Schedule

Date Venue Fees (Face-to-Face)
29 – 30 May 2025 Dubai, UAE USD 1995 per delegate

Course Introduction

Maintenance, Repair, and Operations (MRO) inventory plays a critical role in supporting uptime, reliability, and safety across asset-intensive industries. Yet, MRO inventory is often overlooked—resulting in excess stock, hidden shortages, and inefficiencies.

This focused course equips professionals with practical methods to manage and optimize MRO stock, ensuring availability of critical items while reducing holding costs. Participants will explore classification, criticality analysis, reordering strategies, and performance metrics for smarter inventory control.

Course Objectives

By the end of this course, participants will be able to:
• Understand the unique characteristics and challenges of MRO inventory
• Apply ABC and criticality classification techniques to spare parts
• Establish reorder points and safety stock levels using data-driven methods
• Implement inventory control and rationalization strategies
• Enhance visibility, accuracy, and performance of MRO stores
• Reduce obsolescence, duplication, and working capital waste

Why you Should Attend

• Control MRO inventory costs without sacrificing service levels
• Apply industry best practices for spare parts management
• Improve collaboration between maintenance, procurement, and stores
• Reduce downtime risk from part stockouts or mismatches
• Gain practical tools to drive data-based inventory decisions

Intended Audience

This program is designed for:
• Maintenance and Reliability Engineers
• Inventory and Warehouse Managers
• Procurement and Supply Chain Officers
• Plant Operations and Asset Managers
• Anyone involved in MRO materials or spare parts planning

Individual Benefits

Key competencies that will be developed include:
• Spare parts demand forecasting and inventory planning
• Inventory segmentation using ABC/XYZ/VED analysis
• Setting reorder points and safety stock scientifically
• Master data cleansing and part catalog standardization
• Identifying and eliminating non-moving or obsolete items

Organization Benefits

Upon completing the training course, participants will demonstrate:
• Reduced inventory carrying costs and space requirements
• Improved spare part availability and equipment uptime
• Enhanced coordination between technical and supply functions
• Better decisions using item data, usage trends, and KPIs
• Increased ROI from inventory reduction and reliability gains

Instructional Methdology

The course follows a blended learning approach combining theory with practice:
• Strategy Briefings – MRO inventory frameworks, classifications, and KPIs
• Case Studies – Industry examples of inventory optimization success
• Workshops – ABC/VED analysis, reorder point calculation
• Peer Exchange – Spare part planning challenges and solutions
• Tools – Replenishment models, stock rationalization checklists

Course Outline

Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00

Day 1: Fundamentals of MRO Inventory Management
Module 1: MRO Inventory Characteristics and Challenges (07:30 – 09:30)
• MRO vs production inventory
• Causes of excess and shortage in spare parts

Module 2: Classification and Criticality (09:45 – 11:15)
• ABC/XYZ/VED analysis
• Linking criticality to asset risk and uptime

Module 3: Demand Forecasting and Stock Policies (11:30 – 01:00)
• Usage-based forecasting for slow-moving items
• Reorder points, EOQ, and safety stock

Module 4: Workshop – Perform ABC and Criticality Matrix (02:00 – 03:30)
• Segmenting a sample item list and setting policies

Day 2: Optimization Strategies and Inventory Control
Module 5: Inventory Optimization Models (07:30 – 09:30)
• Min-max, ROP-ROQ, and service level-based models

Module 6: Obsolescence, Surplus, and Rationalization (09:45 – 11:15)
• Identifying non-moving and redundant stock
• Disposal, transfer, and catalog cleansing

Module 7: KPIs and Continuous Improvement (11:30 – 01:00)
• Fill rate, stockouts, inventory turns, accuracy rate

Module 8: Final Workshop – Inventory Optimization Plan (02:00 – 03:30)
• Action plan for MRO improvements in participants’ organizations

Certification

Participants will receive a Certificate of Completion in MRO Inventory Management & Optimization, validating their competence to apply best practices in classifying, controlling, and optimizing spare parts and maintenance inventory for improved performance and cost efficiency.

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