Why This Course Inventory is often referred to as the graveyard of business because over investment in stock is a frequent cause of business failure. Many business costs, such as:
A storeman’s wages
Storage costs
Insurance of the stock
Interest on borrowed money, are directly related to investment in inventory.
It is important to control stock and inventory.
Enough to keep work flowing efficiently
Not too much so that money spent on the stock lies idle while it is not used.
Agenda
Morning (0900-1200)
Propose and objective of spare part inventory management
Classification of maintenance materials
What Items are recorded?
How is stock controlled?
The fundamental practice for stork control
Good house Keeping Practice
Visual Control Implementation
Afternoon (1300-1700)
The factors that affecting inventory management and decisions
Key planning aspects of inventory management focusing on sunk cost/non-movement items reduction
Spare Part Inventory Management and Stock Control 
