Jan 30, 2019 make it clear to workers that proper inventory management is an important part of their job by giving examples of how crucial it is to prevent downtime. Many research projects have considered issues related to the management of spare part inventories, but. Spare parts management system sms is a complete inventory control and accounting system. This paper is motivated by a real case study concerning the spare.
Relevant goals of inventory management are to achieve and maintain high inventory turnover while maintaining high levels of customer satisfaction. Spare parts inventory management shares many traits with standard inventory management, but requires an extra layer of cost consideration. Recommendations while aerospace is a mature industry, the supply chain management improvements delivered by accenture provide the following recommendations that could be directly applied to the offshore wind. A complete guide to sparesology is a great follow up to slaters previous books. Recommend related parts and accessories, which may be required for a job. Syntetos 2 1 supply chain and service management research centre department of industrial and mechanical engineering. With many parts to manage and a lack of powerful tools, most companies with parts inventories have too many of the wrong parts.
Publishers pdf, also known as version of record includes final page. One the other hand, pm inventory management is different from failurebased inventory management. Jan 03, 2019 8 inventory spreadsheet templates by vertex42 spare parts list template for ms excel word templates ready to use excel inventory management template free spare part management for automotive industry excel vba order and inventory management 2017 online pc. Click on run reports, then inventory management, report. As plant manager, you need to know how to determine which spare parts are needed to make up an effective and comprehensive inventory system. Consignment parts are abb owned and stored at your site until required. Feb 12, 2016 non repairable or disposables s spare part management is at the heart of any effective service operation. Spare parts classification and inventory management. Spare parts management system plays an important role in achieving the desired plant availability at an optimum cost. Use features like bookmarks, note taking and highlighting while reading spare parts inventory management.
The economics of service parts s spare parts inventory value is important. Spare parts management maintenance manual, maintmaster. Try to estimate items and quantities needed over the next few months based on the equipment preventive maintenance schedules. It is aimed to find optimal demand for a given spare parts management. Spare parts, stock and warehouse management is often associated with a companys performance as well as with its maintenance department.
This will help you manage inventory requirements and costs. Once the risk assessment step is completed, the recommendation. Spare parts management is about, how spare parts handling must be systematized and structured to enable efficient inventory management that leads to improved availability and reduces the amount of capital expenditure. Pm inventory management is different from failurebased inventory management. Evaluating effective spareparts inventory management for. Maintenance often results in some form of material consumption. A complete guide to sparesology kindle edition by slater, phillip. Non repairable or disposables s spare part management is at the heart of any effective service operation.
Without the proper cmms system in place, keeping track of parts and ensuring their availability can be a challenge. Sd19 parts management guide defense logistics agency. It is an important document used by most of the businesses dealing with the machinery or other products. Spare parts, stock and inventory management in your cmms software. The inventory management system for automobile spare parts. Spare part regime in place the availabil ity of the assets improves which result in more production output, thus increasing your revenue and proit. Spare parts logistics at a glance integrated global contract logistics services, including all aspects of logistics planning, control and implementation scalable standard components. The exigency of spare parts management in manufacturing and service operations cannot be underrated. Each time a spare part is moved or handled during its time in the storeroom, there is a cost involved.
The aim of this paper is to propose and discuss a h ier rchical multicriteria spare parts classificati on method developed for inventory management purposes and tes ted through an intensive case study in an italian household appliances manufacturing company. A spare parts list is used to document the entire inventory or the spare parts of any machinery. With a spare parts inventory management software system, you can. In this short video phillip slater explains the structure of the book. Notify service personnel when special parts or backordered parts are received. The inventory management function is increasingly viewed as a strategic business process that links many internal departments, including warehousing, distribution and purchasing. Our spare parts inventory management best practice analysis tool is an operational selfassessment tool for evaluating your companys current capabilities with spare parts inventory management and identifying the gaps with best practice. In real life, the traditional forecast methods and fnn, which satisfy the demand for spare parts with significantly larger stock cost, will never be applied in the industry.
Unique aspects of spare parts inventory management for transportation can 156 be listed as follows adapted from 7 where they present a general spare parts inventory 157 problem. Spare parts, are extra parts that are available and in proximity to a functional item, such as an automobile, boat. Proactive and efficient spare parts inventory management policies. Spare parts inventory management system software emaint. Good spare parts inventory management is essential for a fleets operational reliability and equipment uptime. The benefits of working with an oemauthorized spare parts inventory management supplier are fundamental benefits people want in the course of business. Free download of inventory management, spare parts and reliability centred maintenance for production lines by fausto galetto. The list of spare parts placed in the warehouse of the company is prepared at the time when the entire stock of the company is.
Whether a maintenance and repair organization mro is internal to a larger business, or providing maintenance services to an external customer, efficient spare parts inventory management plays a critical. Bar codes for spare part management use barcodes on your warehouse items to minimize mistakes and speed up sales, transfer and purchase processes. Parts management considers the environment in which the parts are intended to operate. A spare parts stocking strategy is still a somewhat mysterious and misunderstood process, yet it does not have to be. May, 2019 the inventory management function is increasingly viewed as a strategic business process that links many internal departments, including warehousing, distribution and purchasing. Technicians can add spare parts to work orders manually or by scanning a qr code with the mobile app. It is apparent that the good inventory management methods should well tradeoff between the fill rate and stock cost. Spare parts inventory management using quantitative and qualitative classification oliveira1, vaz2 abstract this paper focuses on the spare parts inventory management of a maintenance provider of the health sector, where the commitment to ensure the agreed customer service level and the guarantee of maximum availability of the devices are. Since swa operates only boeing 737s, the inventory of a lot of parts are compatible with the 300, 500 and 700 series. Front end is visual studio 2005 and back end is microsoft access. How well do you know your current spare parts inventory.
Spare parts inventory management best practice analysis tool our spare parts inventory management best practice analysis tool is an operational selfassessment tool for evaluating your companys current capabilities with spare parts inventory management and identifying the gaps with best practice. A part that is acceptable for an environmentally controlled ground site may not be acceptable for use in an aircraft that subjects the part to different environments and stresses. Spare parts, maintenance and operating supplies comprises of all variety of parts and materials essential to uphold the production assets in acceptable operating condition so as to accomplish desired production results in terms of quality, quantity. Spare parts inventory management software novo solutions. Box 90153, 5000 le tilburg, the netherlands 2 center for economic research, tilburg university, p. The department locates the needed part and if necessary ships it by the first available flight. To recap, the top three tips to optimize your spare parts inventory are. Spare parts inventory management using quantitative and. In part icular, the classification scheme under concern is bu lt on the basis of several key dimensions in an almost hierarchical. Efficient aircraft spare parts inventory management under. Spare part inventory for different series can be pooled.
Nov 10, 2016 lets take a closer look at these benefits and what types of processes may be part of obtaining that coveted title of oemauthorized partner. Jul 25, 2017 practical spare part management is the foundation for reliable plant operation and is crucial to a plant managers success. Pdf the spare parts inventory is a necessity to ensure the continuity of. A spare part inventory management model for better. In industrial contexts the proportion of the stock range that is devoted to spare parts is often considerable e. As the spare parts demand is uncertain, and sometimes the part delivery time may be very long, it could lead significant loss if a critical part fails but there is no spare. Inventory planning managers are looking for simple ways to reduce waste and improve profitability. Inventory management, spare parts and reliability centred. Service or spare parts inventory management is a prime candidate.
Inventory management questionnaire knowledgeleader. Use the inventory management app on your tablet or smartphone. Associate spare parts with your equipment and preventative maintenance work orders. This thesis is delimited to spare parts management and inventory. Download it once and read it on your kindle device, pc, phones or tablets. Spares inventory management and optimization simo is an skf process that consists of a systematic approach to reducing spares inventory costs. Spare parts, stock and inventory management in your cmms. A spare part inventory management model for better maintenance. Benefits of oemauthorized spare parts inventory management. Prolonged vehicle downtime and reduced technician and shop productivity due to outofstock or incorrect parts can cost an organization valuable time and money.
Given the determinants like demand, unpredictability, part substitution, and tight control on spare parts inventory coupled with high service level expectations. Spare parts management guidelines february 20 process industry practices page 4 of 9 4. Spare parts inventory management training, resources, and coaching for individuals and teams. Following the simple process described in this article will allow any organization to minimize the risk to the business of not having the right spares, while simultaneously minimizing the capital invested in spares.
Oracle spares management helps reduce inventory costs by providing logistics and planning features that. Section 8 gives some concluding remarks and future. Easily locate spare part inventory at multiple locations. It may also be used as a tool for evaluating a contractors parts management performance. Spare parts management system free student projects. When obsolescence, shrinkage, and depreciation are factored in, the cost of acquiring, storing, deploying, and managing spare parts inventory can run as high as 4050% of annual inventory values.
It also shares strategies for dealing with excess inventory and managing the implementation of the new policy. By effectively managing inventory, organizations can increase productivity, decrease downtime, reduce spending on parts and boost production operation. Abstract an improvement of the inventory policy at rnbv was made in the first quarter of 2015. An inventory policy matrix is defined to link the different classes of spare parts with the possible inventory management policies so as to identify the best control strategy for the spare. Update inventory control system and parts catalogue. Link main spare part with items valid for substitution and allow this functionality in your service, spare part trade, in web shop or for mobile sales force. We introduce parts failure distribution into the spare parts inventory management problem. A new approach to spare parts inventory management gep. This new gep white paper, a new approach to spare parts inventory management, outlines a scientific method based on reliability engineering principles for optimizing inventory and minimizing downtime. As the spare parts demand is uncertain, and sometimes the part delivery time may be very long, it could lead significant loss if a critical part fails but there is no spare to replace it. Service parts management is the main component of a complete strategic service management process that companies use to ensure that right spare part and resources are at the right place where the broken part is at the right time.
Facilities, schools, and manufacturing plants need on hand inventory supplies for maintenance, repairs, and operations mro. Spare parts inventory management and optimization simo. Inventory tracking is a requirement for financial control and basic business management processes. A complete guide to sparesology charts the key lessons and synthesizes the key ideas to consider for every part of a spare parts optimization process. It is strategic to the management of daily maintenance tasks and to the scheduling of future preventive work. Practical spare part management is the foundation for reliable plant operation and is crucial to a plant managers success. Spare parts inventory management system maintenance, repair and operations mro inventory are the supplies used to maintain facilities, plants, manufacturing lines and more. With a clear, easy to read, style, spare parts inventory management. Service operation depends on the knowledge about the failure behavior of the system and the ability to project the demand. There are 80,000 different spare parts in the warehouse and their total value is.
This document is intended to be used by defense contractors and acquisition activities. The objective of this article is to demonstrate the selected issues of spare parts inventory management and to identify the criteria of selection of safety stock on the basis of the survey conducted among polish manufacturing companies. Spare parts packages and consignment kits may be purchased alone or in conjunction with our smartspares inventory management service. However, if your spare parts are for use on equipment that your company owns or controls then this probably is the site for you. The book spare parts inventory management addresses the entire life cycle of spare parts inventory management from establishing the system of management through to deciding what to stock, the operations phase and ultimately obsolescence and disposal.
But inventory management and inventory data can be a valuable resource in the quest for performance. At the start we have determined that significant inventoried spares have been used randomly, i. Vereecke and verstraeten, 1994 and small improvements in spare parts management may be translated to substantial cost savings eaves. Spare parts planning and control for maintenance operations. The result is unnecessary inventory expense, while still suffering servicelimiting stockouts. It is becoming more apparent that advanced technology can dramatically help but the technology must be affordable, quick to implement and have a high rate of return roi. Visibility of spare parts inventory is vital for any organization. A spare part inventory management model for better maintenance of intelligent. Many research projects have considered issues related to the management of spare part inventories, but very few studies have emphasised the need to bring.
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