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Festus AFOLABI

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Page 1: Festus AFOLABI
Page 2: Festus AFOLABI

480 486 514

470 567 589

-

100

200

300

400

500

600

700

Jan Feb Mar Apr Jun Jul

OP. Stock (000,000) CL. Stock (000,000)

To recommend more effective means ofclassifying spare parts

To review the spares’ replenishment processfor standardization and greater efficiency

To improve collaboration between Stores andPlants on the scheduling and movement ofSpares

HugeCost

Angry CustomersFreight Cost…

Page 3: Festus AFOLABI

•Stock replenishment•Logistics scheduling •High Inventory

Classification based on ‘Movement’

1 49

18

1 1

145

Usage rate of Spares in UNITs

Avg Usage

Stock Bal

30 20

4 6

Gaps Identified

Page 4: Festus AFOLABI

High Price

High Price

Low Price

Low Price

Low Usage

A B C D

High Usage

E F G H

Long Resp. time

Short Resp. time

Long Resp. time

Short Resp. time

66

7

55

9

7 724

5

20

7

SOH APR SOH MAY SOH JUN SOH JUL

Spreader Grease Rubber Seal

Page 5: Festus AFOLABI

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