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
Key Benefits of Attending
• 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.