What is spare part management and inventory control?

Spare part inventory refers to a list of stock items maintenance technicians use to replace failed equipment parts. Manufacturing facilities keep spare part supplies—like belts, motors, gears, and grease—on hand so they can fix equipment failures without needing to order and then wait for a part to be delivered.

Why is spare parts inventory important?

aving the right spare parts on hand can help minimize equipment downtime and increase overall productivity. Improved Customer Satisfaction: By having the necessary spare parts available, businesses can better serve their customers and meet their needs.

What are the three ways to manage inventory?

Four major inventory management methods include just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ) , and days sales of inventory (DSI). There are pros and cons to each of the methods, reviewed below.

What is the purpose of spares inventory in maintaining control systems?

Having maintenance spare parts inventory management is crucial if you want to be able to accurately monitor the movement of your spare parts. This is especially important if these parts move around your organization often. Manually tracking in these situations is challenging.

What is the aim of spare parts inventory management?

The aim of spare parts inventory management is to make available to maintenance, the right spare part, at the right place, at the right time, in the right quantity, at the right price, and at the lowest total cost to the enterprise.

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Everything You Need To Know About Industrial Packaging

What Is The Difference Between Pallets And Skid Pallets?

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