Spare Parts & Materials Management For Industry Professional

A complete guide to inventory planning, procurement, MRO materials, stock control & warehouse strategies.

What you'll learn

Understand the fundamentals of spare parts and materials management.

Apply inventory control techniques like FIFO, LIFO, and FEFO.

Organize storage using labeling, shelving, and preservation best practices.

Use CMMS/ERP tools and digital technologies (RFID, QR, IoT) for inventory tracking.

Optimize inventory costs through TCO analysis and standardization.

Implement lean practices like 5S and conduct stock audits effectively.

Ensure compliance, safety, and continuous improvement in spares management.

Requirements

No prior experience is needed—this course is beginner-friendly.

Basic understanding of industrial equipment or maintenance is helpful.

A curiosity to learn about spare parts and inventory management.

Description

Are you a maintenance, stores, or engineering professional looking to optimize spare parts and materials management? Do you want to reduce inventory costs, avoid stockouts, and improve plant reliability? This beginner-friendly course will guide you through real-world practices to manage spare parts efficiently, minimize downtime, and streamline your inventory processes.In today’s competitive industrial environment, effective spare parts management is crucial for maintenance success and cost control. Whether you're from manufacturing, utilities, oil & gas, pharma, or any asset-intensive industry, this course gives you the skills and strategies to manage spares like a pro.What You’ll Learn :Basics of spare parts and their criticality in maintenanceInventory control techniques like ABC, VED, FSN, and moreForecasting, procurement, and vendor management strategiesCMMS dashboards, IoT, and Industry 4.0 applicationsCost-saving techniques like standardization and TCO analysisSpare parts audit, rationalization, and lean store managementSOPs, compliance in regulated industries, and team trainingPractical dashboards, checklists, and continuous improvement toolsWho This Course is For :Maintenance Engineers & SupervisorsStores and Inventory OfficersEngineering Managers & PlannersProcurement ProfessionalsStudents & Fresh Graduates in Engineering or SCMAnyone entering the world of plant maintenance and materials managementWhat You’ll Get 30+ well-structured and engaging lecturesReal-world examples and easy-to-understand conceptsPractical tips, visuals, and simplified frameworksDownloadable templates and checklistsLifetime access with Udemy certification.

Overview

Section 1: Module 1: Introduction to Spare Parts & Materials Management

Lecture 1 Lecture 1.1 What This Course Will Teach You

Lecture 2 1.2: Importance of Spare Parts in Industrial Operations

Lecture 3 1.3: Types of Spare Parts & Materials in Industry

Lecture 4 1.4: Common Challenges in Managing Spares

Lecture 5 1.5 Role of Maintenance, Stores, and Procurement

Section 2: Module 2 Classification & Criticality of Spare Parts

Lecture 6 2.1 ABC, XYZ, FSN & VED Classification Methods

Lecture 7 2.2 Identifying Critical vs. Non-Critical Spares

Lecture 8 2.3 Risk-Based Spares Strategy

Lecture 9 2.4 Case Study

Section 3: Module 3 Spare Parts Inventory Management

Lecture 10 3.1 Inventory Control Basics

Lecture 11 3.2 Stockouts vs. Overstocking

Lecture 12 3.3 Slow-Moving & Obsolete Inventory Management

Lecture 13 3.4 Inventory KPIs and Dashboards

Lecture 14 3.5 Spare Parts Forecasting Techniques

Section 4: Module 4 Procurement & Supplier Strategies

Lecture 15 4.1 Spare Parts Procurement Life Cycle

Lecture 16 4.2 Single vs. Multiple Vendor Approach

Lecture 17 4.3 OEM vs. Local Alternatives

Lecture 18 4.4 Lead Time Optimization & Emergency Purchases

Lecture 19 4.5 Supplier Evaluation and Relationship Management

Section 5: Module 5 Storage, Handling & Preservation of Spares

Lecture 20 5.1 Best Practices in Warehouse Organization

Lecture 21 5.2 Labeling, Shelving, and Environmental Controls

Lecture 22 5.3 Preservation Techniques for Long-Term Storage

Lecture 23 5.4 FIFO, LIFO, and FEFO in Spare Parts

Section 6: Module 6 Digital Tools & CMMS for Spare Parts Management

Lecture 24 6.1 Role of CMMSERP Systems in Spares Tracking

Lecture 25 6.2 Barcode, RFID, and QR in Inventory Control

Lecture 26 6.3 Integration of Maintenance and Inventory Systems

Lecture 27 6.4 Sample CMMS Dashboard Spare Parts Insights

Lecture 28 6.5 Digital Twins, IoT, and Industry 4.0

Section 7: Module 7 Optimization Techniques & Cost Control

Lecture 29 7.1 Total Cost of Ownership (TCO) of Spare Parts

Lecture 30 7.2 Cost Saving Through Standardization

Lecture 31 7.3 Make or Buy Decision Framework

Lecture 32 7.4 Audit & Rationalization of Spare Part Stock

Lecture 33 7.5 Lean Inventory & 5S in Stores Management

Section 8: Module 8 Compliance, Audits, and Best Practices

Lecture 34 8.1 Internal Controls & SOPs for Spares Management

Lecture 35 8.2 Spare Parts Compliance in Regulated Industries

Lecture 36 8.3 Spare Parts Audit Checklist

Anyone involved in preventive and predictive maintenance activities.,Beginners looking to understand spare parts management in industries,Engineering students interested in asset management,Procurement and supply chain professionals,Maintenance engineers and technicians,Reliability and plant engineers,Inventory and store managers in industrial plants