Material Balance Training

Aim

• Businesses allocate large amounts of resources to spare parts stocks to keep machines running, extend equipment life and reduce downtime.
• The purpose of this training is to teach professionals how to optimize inventory costs by providing them with the skills to identify and manage risks when making backup decisions.

Scope

• Introduction
  
  • Basic concepts
  • Types of Loss
• Material Losses
  • Planned Losses
  • Variability Losses (Equipment, material, people)
  • Excess Usage Losses
  • Ensuring Material Balance Traceability
• Ensuring Sustainability with Daily Management System
• Application Examples
• Case Studies
• Field work