Parts management happens when managers make sure that the correct parts are provided to workers quickly, accurately, and efficiently. In managing spare parts, you’re essentially managing risk, and several companies have a tendency to respond to that risk rather than take proactive action to cut back it. Focusing time and resources on parts management is worth it as you can prevent issues before they are available to be. Below are some of the many important things about effective spares management.
Reduces Inventory Costs
Failure to manage parts can result in excessive spares, bringing about excess storage costs. Aside from storage costs, but holding too many parts also results in carrying costs. Effective spare parts management can be sure that critical spares can be obtained as needed without maintaining too much inventory to stop unnecessary storage and carrying costs.
Improved Productivity
Having parts accessible for the constant maintenance team to fix or maintain assets means that work order might be completed quickly and efficiently. Poor spares management inevitably brings about less efficient production. Furthermore, having critical spare parts available can allow one to reduce downtime making faster fixes to equipment. If even one machine is broken within a production line, it may bring the entire process to a halt, so having the ability to reduce downtime with the appropriate parts available is very important.
Prevent Disruptions from Ordering an unacceptable Parts
Effective spares management also needs to allow you to prevent disruptions that occur once you order a bad spare part. By way of example, in case a part is misclassified or poorly described, plus there is a larger chance that this wrong part may be selected when planning work. Delayed repair and maintenance can result in delays inside production process, which may have already been prevented through accurately described materials.
Decrease in Obsolete and Duplicate Materials inside your EAM/CMMS System
Ineffective spares management may lead to obsolete and duplicate materials with your EAM/CMMS solution. Proactively managing processes to deal with parts obsolescence specifically for critical equipment can avoid problems when critical equipment needs to be repaired or maintained. Adding the same material too many times on your EAM/CMMS solution is costly and wastes the time of your respective maintenance and procurement teams. It also makes it difficult to choose parts and plan operate in the device.
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