Step 1: Rank your Equipment and collect some simple data.
Step 2: Control your critical spare parts.
Use these questions to decide what is critical.
- Is the item obsolete or likely to be obsolete in 6 months?
- Can you use something else that you have in stock as a substitute?
- Can you forecast when you will need it, using predictive tools?
- Can the item be delivered in an acceptable lead time (quick/local delivery, overnight)?
- Can the part in service be repaired in an acceptable lead time (repair rather than replace)?
- Is the item being ordered for a project or upcoming PM?
- Can the need for the item be eliminated (engineered out)?
- Can we use someone else’s stock (share/pooling)?
Rule-of-Thumb:
If you must have it to satisfy customer demand, stock it.
If it cannot be obtained within 24 – 48 hours stock it.
The cost has No Impact stock it.
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Robert Kravontka
The Maintenance Geek
