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How to manage spare parts effectively in order to ensure the continuity of production and optimise it?
Learn about the most important methods of spare part management and restocking strategies to make sure that the production process could go on without any delays.
Firstly, we should focus on ensuring effective maintenance according to ISO 9000 by analysing the times of repairs, service and reactions to the varying demand for a given spare part. Better compliance with the standard requirements translates to improved efficiency of the production process. We should plan the availability of spare parts for the instances where it is necessary to perform unexpected works. Naturally, in such cases it might be more difficult to predict which spare parts might be needed for fixing a failure or eliminating a fault. However, a lack of such a prediction will present our company with serious difficulties in maintaining the continuity of the production process and will lead to additional expenses.
How to restock spare parts with benefit to the production process?
The methods of restocking spare parts are classified into ordering on demand and stocking. The advantage of the first solution is that we do not need to store the spare parts, which can save a lot money. On-site handling and storage obviously entails expenses. This solution will prevent your company from freezing its assets without a reason as spare parts are ordered only when needed. The drawback of this approach is that certain spare parts that might be needed ad hoc e.g. due to an unexpected failure will be unavailable at the time. A supply of spare parts could be a perfect remedy for a failure, but it requires you to provide a storage space for those.
How to set a reasonable spare part stock level?
Stocking seems to be a necessary aspect of ensuring proper functioning of a business. Spare parts are indispensable for production bottlenecks and strategic processes, which have a significant effect on the financial condition of a company. A lack of spare parts results in production downtime and affects its effectiveness. In order to prevent this, we should take numerous factors and various data into acount. We should estimate the scale of wear of a spare part in a given period as well as the frequency with which it is dispensed. Let’s investigate the frequency of failure occurrences, during which a given spare part is replaced and think about the importance of a given device to the production process. If its failure will lead to production stoppage we should order a spare part that will be available in stock.
Learn more about optimisation of the production process.
