Spare Parts Evaluation

Typically storerooms, stock inventory and spare parts organisation are usually the areas with most opportunity regarding the delivery of a reliable operation.

Engineering and production personnel feel reassured when stock holdings of equipment spares are high enough to meet any eventuality. However, this is rarely practical as it leads to large stores filled with spare parts that are rarely, if ever used. Holding costs alone make such an approach prohibitive, but the consequences on business operations of having too little spare parts could be equally prohibitive on maintenance.

Having the correct amount of spare parts on stock is difficult to achieve. It requires a balance to be struck between the risks of being out of stock against the costs associated with holding spare parts. The ESS module on spare parts will enable you to assess the risks and costs associated with spare parts and help you achieve this difficult balance.