12/26/2023 0 Comments Sigma client wont launchA review and analysis of your storage and check-out system can reveal reasons for stock inaccuracies. Likewise, if new stock is placed on the shelf without a record, it cannot be accounted for. A prompting for reorder will not take place if a part is taken without a record. Properly storing and organizing spares in a designated, secure space is also beneficial for the control of inventory. A regular review of spares for excess stock can help to reduce cost too. critical and non-critical) since the classification of a part could change over time, based on replacements/substitutes that may become available. Tip: Periodically review all spare parts classifications (i.e. A higher priority may be given to one designation over another, depending on its risk and impact if a failure should occur. For instance, a part can be labeled as critical to the operation or critical to specific machine function. Recognize that terms like this are multi-dimensional, and can be refined further. Designations such as “critical” spares can help you prioritize your inventory. To achieve better control over inventory, develop clear criteria that will help define and categorize spares. In fact, it is unrealistic to stock large quantities of various parts. Your spare parts inventory does not have to be all-encompassing to be effective. It should be noted that the most typical cause for stockout is the delay that may exist within a supply chain (internally/externally). Additionally, review forecasted demand and look for parts that may have an incorrect order setting. Start recording the reason(s) for out of stock parts in real time. However, if you try to identify the major cause(s) of your stockout you can limit the effects it has on your operation. It is impossible to eliminate the nagging issue of stockout (out of stock parts) without investing in spares. Predictive management will help you to make better use of resources, cutting the time and cost associated with fixing issues. In relation to collecting and analyzing data, be sure to look out for patterns of failure that can reveal problems that are not clearly visible. Predictive management of spare parts includes the collection and analysis of data, and the ability to look at the entire scope of operation to locate and solve important underlying problems that may surface in the long run. While reactive management can be beneficial during a crisis, the essence of successful management is the ability to prevent problems before they arise. To successfully manage part inventory a manager should adopt a predictive strategy. Most companies fall into the habit of building their management strategy around reactive events. Operating StrategyĪs a parts manager, you will either operate from a predictive or reactive position. Ultimately, producing successful spare part management. Taking these factors into account can help minimize performance disruption, promote efficiency, and reduce carrying cost. Operating strategy, inventory control and lead times are a few of the factors you should consider when developing or reviewing your part management system. Rather than using perception to determine what’s needed, it’s best to establish a strategic method that will adequately manage the movement and storage of your inventory. As plant manager, you need to know how to determine which spare parts are needed to make up an effective and comprehensive inventory system. Practical spare part management is the foundation for reliable plant operation and is crucial to a plant managers success. They expect plant managers to identify ways to reduce cost while maintaining the performance and efficiency of plant operations. Most companies are reluctant to maintain a comprehensive spare part inventory because they fear that stocking assets like spares is counterintuitive when trying to effectively control operating costs. Posted by Nicole Laney on J1:48 pm | Leave a Comment
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