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Spare Parts Inventory Mastery
Welcome to the course where you'll master the art and science of spare parts inventory management.
Created byYasmin Foster
Last updated 5/2026
English
What you'll learn
- Design and optimise a spare parts inventory system using ABC classification, demand forecasting, and reorder strategies to cut costs and eliminate stockouts
- Build a spare parts distribution network that structures forward and reverse logistics and service level agreements to maximise operational uptime
- Apply financial management principles to spare parts — calculate total cost of ownership, justify inventory investment, and track performance with KPIs
- Select and implement the right technology — evaluate CMMS, ERP, and inventory systems and lead a structured implementation that delivers lasting results
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Course content
11 sections • 11 lectures • 1h 45m total length
Requirements
- Basic familiarity with maintenance or operations environments — you don't need to be an expert, but some exposure to how equipment is maintained or serviced will help context land faster
- No prior inventory management qualifications needed — this course builds the knowledge from the ground up, though curiosity about supply chain or logistics is a plus
- Access to a spreadsheet tool (Excel or Google Sheets) — some frameworks and templates in the course are easier to follow if you can work through them hands-on
Description
This course contains the use of artificial intelligence.
Are you sitting on excess inventory you can't use, while still suffering stockouts on the parts that matter most? Spare parts management is one of the most overlooked — and most costly — challenges in operations and maintenance. This course gives you a complete, practical framework to fix it.
In this course, you'll build mastery across the full spare parts supply chain — from setting the right service levels and safety stock, to designing your distribution network, managing reverse logistics, forecasting demand, and building the business case to fund your improvements.
Across 11 modules, you'll cover:
The fundamentals of spare parts management and why standard inventory approaches don't work
ABC classification, safety stock calculation, and service level targeting
Distribution network design — centralized vs. decentralized, hub-and-spoke, and risk pooling
Forward logistics: warehouse operations, picking accuracy, VMI, and last-mile delivery
Returns management, remanufacturing, and reverse logistics ROI
Demand forecasting for intermittent and lumpy demand (including Croston's method)
Building a compelling business case with ROI, NPV, and payback period analysis
Technology selection — WMS, TMS, ERP integration, and machine learning applications
Implementation roadmaps, change management, and continuous improvement
Who it's for:
This course is designed for supply chain and procurement professionals, maintenance and operations managers, inventory planners, and anyone responsible for parts availability in asset-intensive industries — including manufacturing, utilities, mining, oil & gas, and facilities management.
What makes it practical:
Every module includes a downloadable toolkit — from ABC classification spreadsheets and safety stock calculators to a business case builder and technology selection framework — so you can apply what you learn directly to your own operation.
Closing:
Whether you're looking to reduce working capital tied up in slow-moving stock, improve equipment uptime, or make a credible case to leadership for investment — this course gives you the tools, frameworks, and confidence to do it.
What Comes Next
This course is the advanced layer of a series built to take you from global context to operational mastery of spare parts management.
If you want to start with the big picture, begin with: Global Power Dynamics and Impact of Global Supply Chains — which covers how geopolitics, trade, technology, and resource scarcity shape the supply chains spare parts depend on.
For the operational foundation, explore: Operations of Spare Parts Service Management: Supply Chain — which covers the day-to-day mechanics of running a spare parts supply chain, from demand planning and procurement through to service delivery.
Together, the three courses give you the complete picture — from the global context, to supply chain operations, to inventory mastery. Search for either course on Udemy to complete your learning journey.
Who this course is for:
- Maintenance and reliability engineers who manage spare parts on the job but have never formally studied inventory management or supply chain strategy
- Operations and plant managers looking to reduce spare parts costs, eliminate stockouts, and build a more resilient maintenance supply chain
- Supply chain and procurement professionals moving into spare parts or MRO inventory management for the first time
- Field service managers and technicians responsible for ensuring the right parts are available at the right location to keep equipment and operations running
- Business owners and consultants in asset-intensive industries who want a structured framework for spare parts performance improvement