Spare part management is the foundation for reliable plant operation and is crucial to a plant manager’s success. As plant manager, you need to know how to determine which spare parts are needed to make up an effective and comprehensive inventory system. Rather than using perception to determine what’s needed, it’s best to establish a strategic method that will adequately manage the movement and storage of your inventory.
Operating strategy, inventory control and lead times are a few of the factors you should consider when developing or reviewing your part management system. Taking these factors into account can help minimize performance disruption, promote efficiency, and reduce carrying cost. Ultimately, producing successful spare part management.
As a parts manager, you will either operate from a predictive or reactive position. Most companies fall into the habit of building their management strategy around reactive events. To successfully manage part inventory a manager should adopt a predictive strategy. While reactive management can be beneficial during a crisis, the essence of successful management is the ability to prevent problems before they arise.
Predictive management of spare parts includes the collection and analysis of data, and the ability to look at the entire scope of operation to locate and solve important underlying problems that may surface in the long run. In relation to collecting and analyzing data, be sure to look out for patterns of failure that can reveal problems that are not clearly visible. Predictive management will help you to make better use of resources, cutting the time and cost associated with fixing issues.
Source of Stock out.
Spare Parts Management System helps factories manage their spare parts cost, inventory and life-cycle. It helps factories compare spare parts cost of one machine to the others of the same type.
This system also gives you a chart of life-cycle comparison of spare parts from multiple suppliers or compares the life of any part against the similar part in the past on the same or different equipment.
BENEFITS OF Spares Management System
Minimized Production Downtime
Established Preventive Measures
Reduced Impulsive Buying