Articles Tagged with ''spare parts management''

One of the issues that arise with spare parts management in every industry is the management of excess parts.

Let’s say this out loud right at the start — no one actually wants to hold spare-parts inventory. Why would you?  Inventory ties up working capital that we could otherwise use for more productive purposes.

Spare parts are the lifeblood of operational reliability and plant capacity. No plant can operate at a high level of output without a reliable supply of functional spare parts. Spare parts form the bedrock on which operational reliability is built.

Efficiency of an operation requires maintenance and preservation not only of operational assets, but on spare parts as well.