Maintenance and Engineering

Spare Parts Optimisation

Spare parts inventories are often large, slow-moving and still missing critical items when needed. This course covers spare parts optimisation: criticality and risk assessment, demand patterns for spares, stocking models for slow movers, insurance spares, pooling and vendor-managed stock, obsolescence and inventory reduction.

5 days Classroom or live online English

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Take the course details with you.

Download the full standard outline: why attend, methodology, objectives, audience, competencies, the daily outline and current plans.

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Why attend

From knowledge to real-world impact.

The right spares at the right time prevent long outages without tying up excessive cash. You will learn to optimise spares scientifically.

Workplace challenges

Professional Problems This Course Is Designed to Solve

The programme explores practical approaches to the following challenges. Results depend on how the learning is applied in your organisation.

Difficulty translating subject knowledge into practical workplace decisions.
Inconsistent approaches to the activities covered in the course outline.
Lack of a structured plan for applying and reviewing new skills.

Course methodology

How you will learn.

Criticality analysis, stocking calculations, case studies and optimisation workshops.

Course objectives

What you'll take away.

By the end of this course, participants will be able to:

Assess spare part criticality
Analyse spare parts demand patterns
Apply stocking models for slow-moving items
Justify insurance spares
Use pooling and supplier arrangements
Reduce obsolete and excess spares

Target audience

Who should attend.

This course is suitable for:

Materials and stores managers
Maintenance planners
Reliability engineers
Inventory controllers
Procurement staff

Target competencies

Capabilities you will build.

Participants will develop competencies in:

Criticality analysis
Demand analysis
Stocking optimisation
Risk-based decisions
Inventory reduction

Course outline

Your learning journey.

A focused, practical outline with time to explore, apply and reflect.

Day 1Spares Challenges

09:00–10:08Characteristics of spares
10:08–11:00Costs and risks
11:00–11:30Coffee break
11:30–11:45Costs and risks (continued)
11:45–12:53KPIs
12:53–14:00Exercise

Day 2Criticality

09:00–10:08Criticality criteria
10:08–11:00Lead times
11:00–11:30Coffee break
11:30–11:45Lead times (continued)
11:45–12:53Equipment risk
12:53–14:00Workshop

Day 3Stocking Models

09:00–10:08Slow-moving demand
10:08–11:00Poisson models
11:00–11:30Coffee break
11:30–11:45Poisson models (continued)
11:45–12:53Service levels
12:53–14:00Exercise

Day 4Insurance and Pooling

09:00–10:08Insurance spares
10:08–11:00Pooling
11:00–11:30Coffee break
11:30–11:45Pooling (continued)
11:45–12:53Consignment stock
12:53–14:00Case study

Day 5Reduction

09:00–10:08Obsolescence
10:08–11:00Disposal
11:00–11:30Coffee break
11:30–11:45Disposal (continued)
11:45–12:53Governance
12:53–14:00Action plan

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Dates & venues

Find a session that works for you.

Confirmed dates accept registration requests. Tentative dates are enquiry only.

Good to know

A few things to know.

How is the course delivered?

Our classroom programmes combine facilitated discussion, case studies, exercises and reflection. The precise format will be confirmed before enrolment.

Can you deliver this programme for our team?

Yes, you can enquire about a tailored programme. Share your goals, group size and preferred dates with our learning team.

Will I receive a certificate?

Participants who complete the programme receive a Smart Horizon UK certificate of attendance. Smart Horizon UK programmes are not externally accredited and do not award a professional qualification, licence or designation. Where a course title or outline refers to a professional certification (for example, AACE International's Certified Cost Professional), the programme supports learning and preparation only; the credential itself is awarded solely by the relevant professional body under its own application and examination requirements.

What should I confirm before booking travel?

Please confirm the session, exact venue, accessibility arrangements, fees and any visa requirements with the team before arranging travel. Tentative dates are not confirmed sessions.

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