Spares Planning & Inventory Optimization in Industry .

In this video, I discuss practical approaches to managing MRO and maintenance spare parts, including demand forecasting, historical consumption analysis, equipment criticality, lead time, safety stock, Min-Max levels, reorder points and EOQ. The objective is simple: ensure the right spare part is available at the right time and in the right quantity—while minimizing unnecessary inventory investment. This video is useful for Supply Chain Professionals, Spare Parts Planners, Inventory Controllers, Maintenance Engineers, Procurement Professionals, Warehouse Professionals, Plant Engineers and Engineering Students. #SparePartsPlanning #InventoryOptimization #InventoryManagement #SupplyChainManagement #MRO #SpareParts #SAP #MRP #MaintenanceManagement #WarehouseManagement #SupplyChain #Engineering