Spares Management
Spares Management

Spares Management plays an important role in achieving the desired machine availability at an optimum cost. Presently, the industries are going for capital intensive, mass production oriented and sophisticated technology. The downtime of machine is prohibitively expensive. It has been observed in the wind industry that the non-availability of spare parts, as and when required for repairs,maintenance contributes to as much as 50% of the total down time. Also, the cost of spare parts is more than 50% of the total maintenance cost in the industry. It is a paradox to note that the WTG maintenance team in the OEM's are complaining of the non-availability of the spare parts to meet their requirement and finance department is facing the problem of increasing locked up capital in spare parts inventory. This amply signifies the vital importance of Spares Management in any organisation.

The unique problems faced by the organisation in controlling/managing the spare parts are as follows.Firstly, there is an element of uncertainty as to when a part is required and also the quantity of its requirement. This is due to the fact that the failure of a component, either due to wearing out or due to other reasons, can not be predicted accurately. Secondly, spare parts are not that easily available in the market as they are not fast moving items. Finally, the rate of consumption of spare parts for some are very high and for some are very low. These problems are to be faced by systematic Spares Management.

The objective of Spares Management is to ensure the availability of spares for maintenance and repairs of the plant and machinery as and when required at an optimum cost.Also, the spares should be of right quality. There are many actions required to ensure the Spares Management effective.

There is a need for systematic actions while managing spare parts as given below, OCE will help you solve your problems vis-à-vis

  • Identification of spare parts
  • Forecasting of spare parts requirement
  • Inventory analyses
  • Formulation of selective control policies for various categories
  • Development of inventory control systems
  • Stocking policies for capital & insurance spares
  • Stocking policies for rotable spares or sub-assemblies
  • Replacement policies for spare parts
  • Spare parts inspection
  • Indigenisation of spares
  • Reconditioning of spare parts
  • Establishment of spare parts bank