Spares management happens when managers make sure that the correct parts are provided to workers quickly, accurately, and efficiently. In managing spares, you might be essentially managing risk, and a lot of companies usually react to that risk instead of take proactive action to lessen it. Focusing resources and time on spare parts management is worth it as you can prevent troubles before they are offered being. Listed below are some of the numerous benefits of effective spare parts management.
Reduces Inventory Costs
Failure to manage parts can cause excessive spares, resulting in excess storage costs. Not only are there storage costs, but holding lots of parts also leads to carrying costs. Effective spare parts management can be sure that critical parts are available as needed without maintaining excessive inventory to stop unnecessary storage and carrying costs.
Having parts designed for the maintenance team to mend or maintain assets ensures that work order might be completed efficiently. Poor parts management inevitably leads to less efficient production. Furthermore, having critical parts available makes it possible for one to reduce downtime and earn faster fixes to equipment. If even one machine is broken in a production line, it may bring the complete way to a halt, so having the ability to reduce downtime with the appropriate parts available is important.
Prevent Disruptions from Ordering a bad Parts
Effective parts management should also allow you to prevent disruptions that occur when you order a bad spare part. For example, if the part is misclassified or poorly described, then there’s a larger chance that this wrong part might be selected when planning work. Delayed repair and maintenance may lead to delays from the production process, which could have already been prevented through accurately described materials.
Reduction of Obsolete and Duplicate Materials inside your EAM/CMMS System
Ineffective spare parts management can result in obsolete and duplicate materials within your EAM/CMMS solution. Proactively managing strategies to deal with parts obsolescence particularly for critical equipment can avoid problems when critical equipment has to be repaired or maintained. Adding exactly the same material several times in your EAM/CMMS option is costly and wastes enough time of the maintenance and procurement teams. It also makes it challenging to choose parts and plan are employed in the machine.
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