The Advantages Of Productive Spare Parts Management

Spare parts management happens when managers be sure that the correct parts are supplied to workers quickly, accurately, and efficiently. In managing spare parts, you’re essentially managing risk, and a lot of companies tend to respond to that risk as opposed to take proactive action to lessen it. Focusing resources and time on spares management is worth it as you can prevent challenges before they are offered to become. Listed below are some of the many benefits of effective spares management.

Reduces Inventory Costs

Failure to properly manage spare parts can lead to excessive spares, bringing about excess storage costs. Not only are there storage costs, but holding a lot of parts also brings about carrying costs. Effective spares management can make sure that critical spare parts are available as needed without maintaining an excessive amount of inventory to stop unnecessary storage and carrying costs.

Improved Productivity

Having parts readily available for the constant maintenance team to fix or maintain assets signifies that work order might be completed quickly. Poor parts management inevitably contributes to less efficient production. Furthermore, having critical spares available allows you to reduce downtime to make faster fixes to equipment. If even one machine is broken inside a production line, it might bring the complete process to a halt, so having the capacity to reduce downtime by having the appropriate parts available is very important.

Prevent Disruptions from Ordering the incorrect Parts

Effective spares management also need to let you prevent disruptions that occur if you order the wrong spare part. By way of example, if your part is misclassified or poorly described, then there’s a better chance how the wrong part could be selected when planning work. Delayed maintenance and repair can lead to delays inside the production process, that may happen to be prevented through accurately described materials.

Lowering of Obsolete and Duplicate Materials in your EAM/CMMS System

Ineffective parts management can result in obsolete and duplicate materials with your EAM/CMMS solution. Proactively managing ways to cope with parts obsolescence particularly for critical equipment can avoid problems when critical equipment needs to be repaired or maintained. Adding the identical material many times to your EAM/CMMS solution is costly and wastes enough time of the maintenance and procurement teams. It also can make it challenging to choose parts and plan are employed in the machine.

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