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In addition to the answers I would like to add that in any business you should have the complete circle logistics and service to support and follow up with customers' needs, and such progress is an important factor of your success !
You cannot advertise and successfully sell a type of car if you cannot ensure after sales service such parts and other tools !
Thank You
The 3 major benefits of effective spare parts management Simple but vitally important considerations and more complex improvements are both realized with effective spare parts planning. This is true whether an organization focuses on high-value, complicated assets such as power plants and oil rigs, operates a fleet of company vehicles or is in the business of manufacturing using a wide variety of different machines and process. While there are plenty of secondary and tertiary benefits that also come along with having the right parts in the right place at the right time, they all branch off from these three major advantages:
For the wide range of businesses that deal with physical plants, heavy machinery or any equipment that consumes maintenance materials, spare parts management has to be a major consideration. There’s no single reason why companies need to have a strong spare parts planning system in place, as the benefits provided range across many different aspects of operations. Simply put, spare parts management drives efficiency and creates savings for companies, whether they’re regularly dealing with large, high-value assets, a range of smaller machines and systems or a mix of both.
“Strong item master data – including reliability estimates and sources of supply and repair – is essential.”
What does effective spare parts management entail? Businesses need to have both an effective software platform in place and the right level of connectivity and information sharing between different stakeholders, both inside and outside of an organization. Norm Messenger, Inspirage service parts and reverse logistics solutions manager, said there are two major areas that need to be addressed when it comes to spare parts management: good, complete sets of data related to the items using the parts and a strong forecasting process. Combined, these two concepts create the foundation of an effective spare parts management plan.
Strong item master data – including reliability estimates, sources of supply and repair among other considerations – is essential. With accurate and up-to-date information, the most efficient inventory levels can be found while taking any and all unique factors into consideration. This includes tracking different versions of similar goods so the right parts are supplied to the correct location. Complete data is a significant need for all businesses that rely on machines large and small to complete tasks, but is most acutely felt by companies supporting high-value assets across a large geographic area.
“If you’re trying to support those [complex assets] across a wide geography, you need to know, as part of that item master, which customers have what finished goods and what versions of spare parts,” Norm Messenger said.
The other building block of effective spare parts management is strong forecasting that takes various data streams into account. While many businesses use sales data to establish their forecasting plans, it’s not enough to accurately predict needs while also taking the product lifecycle and other unique factors into account. A variety of stakeholders have to participate and share information for forecasting to truly be useful. Engineering and maintenance teams, as well as customers, all have to be part of the process.
The 3 major benefits of effective spare parts management Simple but vitally important considerations and more complex improvements are both realized with effective spare parts planning. This is true whether an organization focuses on high-value, complicated assets such as power plants and oil rigs, operates a fleet of company vehicles or is in the business of manufacturing using a wide variety of different machines and process. While there are plenty of secondary and tertiary benefits that also come along with having the right parts in the right place at the right time, they all branch off from these three major advantages:
What’s in store for the future for spare parts management? The concept of spare parts management as a discipline has evolved as technology has provided faster, more accurate methods for tracking, reporting and synthesizing information. One area where advances are already seen, and where significant further improvements could arise, is in the Internet of Things. The ability to connect both low- and high-value assets to a network and then have those items instantaneously transmit information about operations, efficiency, wear and tear and other concerns. With data that doesn’t come from projections but the machines themselves, a lean just-in-time delivery model becomes a reality, leading to further and more significant savings.
The data related to current health along with engineering specifications means that maintenance and replacement parts ordering can happen in concert, creating further savings and reducing downtime accordingly. This sense and respond model is the future of spare parts planning as a whole and, Messenger said, is what industry leaders are currently working toward.
Full Agree with answer add by Mrs. Ghada
For the wide range of businesses that deal with physical plants, heavy machinery or any equipment that consumes maintenance materials, spare parts management has to be a major consideration. There’s no single reason why companies need to have a strong spare parts planning system in place, as the benefits provided range across many different aspects of operations. Simply put, spare parts management drives efficiency and creates savings for companies, whether they’re regularly dealing with large, high-value assets, a range of smaller machines and systems or a mix of both.
“Strong item master data – including reliability estimates and sources of supply and repair – is essential.”
What does effective spare parts management entail?
Businesses need to have both an effective software platform in place and the right level of connectivity and information sharing between different stakeholders, both inside and outside of an organization. Norm Messenger, Inspirage service parts and reverse logistics solutions manager, said there are two major areas that need to be addressed when it comes to spare parts management: good, complete sets of data related to the items using the parts and a strong forecasting process. Combined, these two concepts create the foundation of an effective spare parts management plan.
Strong item master data – including reliability estimates, sources of supply and repair among other considerations – is essential. With accurate and up-to-date information, the most efficient inventory levels can be found while taking any and all unique factors into consideration. This includes tracking different versions of similar goods so the right parts are supplied to the correct location. Complete data is a significant need for all businesses that rely on machines large and small to complete tasks, but is most acutely felt by companies supporting high-value assets across a large geographic area.
“If you’re trying to support those [complex assets] across a wide geography, you need to know, as part of that item master, which customers have what finished goods and what versions of spare parts,” Norm Messenger said.
The other building block of effective spare parts management is strong forecasting that takes various data streams into account. While many businesses use sales data to establish their forecasting plans, it’s not enough to accurately predict needs while also taking the product lifecycle and other unique factors into account. A variety of stakeholders have to participate and share information for forecasting to truly be useful. Engineering and maintenance teams, as well as customers, all have to be part of the process.
Is you need what is needed, you can provide that immediately. This will help to optimize
Sorry, its not my specialty. For optimization, key elements are effectively managing and services are important. thanks.
Apologized for the answer, I do not know,I leave the answer for the professionals.