Add Energy AIM Blog

How to overcome the biggest challenges faced by Materials Management teams

21 May 2020 posted in Inventory Management Optimization

The role of materials specialists can be challenging, especially when trying to strike the perfect balance between not only ensuring you have the inventory required to keep operations running smoothly, but also that costs and processes are continually being optimized.

Iain Wood, Add Energy’s Materials Manager, has shared the biggest challenges he has identified during his 35 years of working in the materials space, and provides actionable advice for overcoming or mitigating against them...

Read More

Insights from Add Energy’s Materials Management Specialist in Calgary

5 May 2020 posted in Inventory Management Optimization

Tony Hamilton recently joined the Add Energy team as Materials Management Project Manager, based in the newly opened Calgary office. With a strong background in materials management, gained during his 13 years working at Shell, Tony will bring a wealth of knowledge and insights to the team, to help clients optimize costs and improve performance. 

Read More

A simple guide to optimising your spare parts management

12 March 2020 posted in Inventory Management Optimization

Problems around managing spare parts are common, complex and expensive for many organisations. The inability to source spare parts quickly and efficiently when required can result in expensive downtime, and potentially hazardous situations, meaning that it is imperative to optimise the management of your spare parts.

 

The issues around spare part management have been a common theme encountered by our team during numerous asset management projects, with such issues ranging from lack of visibility of the inventory, to not knowing which spares are critical to stock, or not to stock.

As experts in enhancing our clients' materials management processes, this article shares our advice and details 5 key considerations that could help you to reduce downtime, overspending, time wastage and hazardous situations.

Read More

4 tips for improving your preservation maintenance and avoiding costly shutdowns

19 February 2020 posted in Inventory Management Optimization

Ensuring spare parts are fit for purpose is incredibly important, as it enables operations to run smoothly, minimizes production inefficiencies, and eliminates wasted time and money. Yet this is often neglected and proves costly for so many companies across the world.

Read More

3 Quick Wins for Enriching your Spares Inventory

9 July 2019 posted in Inventory Management Optimization

Operating assets should have constant visibility on what equipment is held in stock, and confidence that the information in their inventory list is up to date and accurate in order to adhere to a streamlined and cost effective maintenance management regime.

However, this isn’t always possible. During day-to-day operations, the spares inventory is subject to rapid change, and when this change is not managed and maintained correctly, it can lead to unnecessary expenditure.

This can be caused by purchasing and storing parts that may already be in the warehouse, delayed access to critical spares and wasting time searching for parts that are unavailable. All of this can lead to increased risk of equipment outage or extended periods of downtime.

Read More

How to determine equipment criticality to save money and reduce your maintenance backlog

5 December 2018 posted in Inventory Management Optimization

Maintaining an asset is no easy feat. Backlog can often be the norm and firefighting can trump forward planning.

One of the problems we see time and time again is the over- or under-maintenance of equipment. And this can lead to big challenges, including overspending on unnecessary maintenance, costly downtime due to equipment failure, a growing backlog of maintenance tasks, and more.

Read More

Managing obsolescence: Q&A with Jody Lusher, Add Energy

23 October 2018 posted in Inventory Management Optimization

Generally, the supply chain operates only one way - directing traffic of items into inventory and then into the hands of the user. Very few companies have put much thought into the processes for reversing the flow of removing obsolete items from the inventory and disposal. Yet this task is fundamental to effectively managing your spare parts.

We caught up with Jody Lusher, Operations Manager at Add Energy and asked him how to best avoid and manage obsolescence. 

Read More

5 common problems associated with incorrect or incomplete BoM data, and how to overcome them

15 October 2018 posted in Inventory Management Optimization

Working closely with Asset Managers, Maintenance Managers and Engineers, we often see a huge amount of resource misuse when spare parts are sourced. This is an industry-wide issue that operating facilities experience, and it can be the catalyst for a whole host of serious problems that commonly occur but can easily be avoided.

The root cause of the identified problems often centre around Bill of Material (BoM) data within an organisation’s CMMS, which is commonly incomplete, incorrect or non-existant. This leads to distrust in the available data, and subsequently people no longer using it. Instead, people resort to relying on spreadsheets, knowledge in their own heads, and other unreliable and inefficient means.

But what can the consequences of this be, and what can be done to mitigate the risks that stem from incomplete or incorrect BoM data?

Read More

How to save money and avoid time wastage when managing spares

22 August 2018 posted in Inventory Management Optimization

AL_Photo_Managing_Spares-1

Delays to maintenance and extended periods of equipment outages can often be attributed to not having the right spare part for the maintenance task to be completed on demand.

The process of part sourcing is often a frustrating period for all stakeholders involved. Issues range from the maintenance team being unable to identify which parts are required to carry out the work order, right the way through to the procurement team not having enough information to order the part required.

Read More

How to ensure you have the right spare, at the right time, in the right place

2 July 2018 posted in Inventory Management Optimization

Effective spare parts management is the foundation for a reliable operation. However, most companies are reluctant to maintain a comprehensive spare part inventory because they fear stocking resources like spares can be counterintuitive when trying to control operating costs.

Read More

Subscribe to Email Updates from Add Energy