Spares Management The ability to ensure the availability of the equipment through maintenance interventions, corrective or preventive, depends on the presence and maintenance of an adequate stock of spare parts. It is not exaggerated to consider the unavailability of spare parts as the responsible for 50% of the total down time of a system subject to failure. Of course, the stock levels of the various spare parts depend on the maintenance policies adopted and it represents itself a potential maintenance policy. This is the reason that put the spare parts management at the top priority for any company that want to improve the OEE of the production asset, to have a clear TCO of the machines and to optimize the working capital on spare parts. What is Spare Parts Management? Spare Parts Management is all about maintaining the relevant parts stock in the appropriate location adhering to quality, at optimal cost and available at the right time. This ensures that the efficiency and operating
The process of maintenance over the years has evolved based on the circumstances and the technological advancement in the manufacturing process. When the manufacturing process started to invest in machineries and equipment to take over from the manual process, the maintenance concept was limited to maintain the equipment once it breaks down. Over the years as manufacturing process started to use new technologies and increase in production activity, the maintenance concept shifted to planned preventive maintenance. The objective is to achieve maximum efficiency (OEE) in production and to drive major cost savings in maintenance. Today, preventive and predictive maintenance planning is the norms in industrial equipment maintenance process and it is a standard condition to stay competitive in the market. To execute any maintenance strategy several software tools help to reduce the manual errors, lethargy in scheduling of maintenance activity, creating maintenance notifications and recordi