Spare Parts Inventory Management: A Complete Guide to Sparesology(R)addresses the issues confronting personnel duringthe entire life cycle of inventory management, from establishing a system for management, identifying the need for a part,to physical management, and even final disposal. All areas involving spare parts inventory are considered, includingfinancial implications, developing processes that allow for good decision making, establishing a robust parts identificationsystem, operation, maintenance, procurement, and stock takes.As a spare parts expert with extensive industry experience, author Phillip Slater has coined the word Sparesology to refer tothe discipline of optimizing the physical and financial processes, as well as the human resource management of spare parts.More than just inventory optimization, Sparesology requires an understanding of the complete ''ecosystem'' within whichspare parts are managed, and seeks to ensure that ALL factors influencing spare parts management work together inharmony to achieve and sustain an organization's goals.