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Inventory Management Best Practices
July 19, 2010 - Contact FacilitiesNet Editorial Staff »
This is Chris Matt, Managing Editor of Print & E-Media with Maintenance Solutions magazine. Today's tip, best practices for inventory management.
Challenges related to two common MRO products offer insights on inventory management and suggest guidelines for determining the most appropriate stocking practices to protect the inventory investment:
First, rolling bearings. A lack of cleanliness is the largest contributor to shortened bearing life. Storeroom supervisors should store bearings horizontally in the original packaging — not in plastic — and rotate them regularly. Changing the way supervisors store the bearings can extend their life significantly because vibrations during storage cause lubricant failure, even when the only load on the bearing is its own weight.
Next is belts. Belts have shelf lives of two years, according to top belt manufacturers. If departments store V-belts per manufacturer instructions, the belts can last for several years without any noticeable influence on their performance.
Finally, high-density storage drawer systems can deliver a host of benefits to managers and their departments. One of the greatest benefits is they can increase storage capacity in less space. Converting from traditional shelving systems to high-density drawers can reduce floor space up to 80 percent.
Another benefit is the modular flexibility of the cabinets, which come in various heights and widths that create many combinations. The systems' modularity allows for custom-fitted storage, and their interchangeable parts provide flexibility for future change and growth.