Manage your spare parts more effectively

Three quick tips to put your parts in their place

01/26/2012


Excerpted from SMGlobal’s Maintenance Software Blog

Equipment spare parts management can be quite a challenge especially if you have several different types of equipment – each needing it own set of unique set of parts that are required for unplanned and preventive maintenance on the equipment. Equipment spares can also be quite expensive and contribute significantly to the maintenance budget.

  1. Identify parts required for different maintenance tasks and try to estimate usage over the next few months based on the equipment preventive maintenance schedules. This will help better manage inventory requirements and costs. Holding inventory you do not need for several months adds to costs.
  2. Depending on your suppliers (vendors) you may want to explore use of “just in time” inventory – order and get parts just before maintenance jobs are to be done. At the same time try to avoid job delays because parts are not available. While costs of certain parts may be significant they are probably much less than the costs due to lost production or cascading equipment failures. 
  3. Try to identify and classify reliable suppliers (vendors) for all parts. Poor quality components can result in premature failures and additional maintenance work. Maintenance records can be useful to identify suppliers of quality parts. Corporate purchasing requirements may sometimes dictate your choice of suppliers but it can be possible to work with your purchasing department especially if you have statistics about vendor quality and reliability.

Experts estimate that organizations can save between 5% to 10% on their yearly spare parts inventory costs with maintenance management software/CMMS. A good maintenance management product can better track inventory, when to restock items and quickly identify parts that are no longer required (because the equipment is retired).

You can find out how many parts of each type you will need for preventive maintenance tasks for each quarter by using planning reports to calculate parts and quantities needed. This can help you apply for volume discounts when ordering parts/spares as you will know how many you will need in advance. You also need to keep less inventory on hand because the maintenance management software can warn you when each part/spare falls below reorder levels.



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
Strategic outsourcing delivers efficiency; Sleeve bearing clearance; Causes of water hammer; Improve air quality; Maintenance safety; GAMS preview
World-class maintenance: The three keys to success - Deploy people, process and technology; 2016 Lubrication Guide; Why hydraulic systems get hot
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me