Critical spare parts refer to items within your manufacturing process that will stop production or slow it down significantly if they are not available. The process of critical spare parts management is determining which of these vital parts the organization should keep on hand. While all of these parts are important, it may not be possible to store every spare part in terms of cost efficiencies and storage space. It’s expensive to keep many parts in storage. However, it’s also extremely costly if production slows down or halts. So, management must make informed decisions on which spare parts to store.
Importance of Critical Spare Parts Management
An organization’s focus should be to keep critical spare parts on hand to prevent outages and production stoppage due to equipment failure. First, management should determine what is right for the organization by performing a strategic evaluation to ensure the correct parts are available immediately.
A strategic evaluation includes looking at the history of failures at the plant to determine which areas are susceptible to breakdowns. Additionally, list items in order of importance to the operations of the plant. Lastly, look to see if any items are special-order or custom made. These items may take a long time to reorder, so waiting on them could impact production for days or weeks.
GP MaTe Provides Customized Solutions
When it comes to decisions that impact production and revenue, there should be nothing left to chance. GP MaTe offers critical spare parts management solutions for manufacturing, process industries, and power production.
GP MaTe’s system identifies each piece of equipment with a unique I.D. The equipment can then be assigned data such as the designated location and usage information. For example, which product lines, areas, and systems the item originates from. This information becomes incredibly useful when running the reporting and analysis of equipment parts. Equipment can be broken down by the hierarchy of importance to production. When it comes to running a critical spare parts analysis, management can quickly run a report to identify top parts that will impact production. Additionally, the GP MaTe system will automatically generate replenishment orders when parts hit reorder levels. Lastly, GP MaTe is multinational, so international organizations can implement the system in all of their production plants around the world.
GP MaTe can reduce inventory costs, eliminate risk in the production process, and improve efficiencies. Contact GP MaTe for more information or a demo today.
About GP MaTe
GP MaTe is a user-friendly maintenance and material management system that facilitates maintenance management solutions, work orders and critical spare parts management. Our product has many optional modules that support Safety (PSM, MOC and LOTO), Budgeting, Multi-plant information sharing, and Operator Tours and Data Collection. The system is available in many languages and interfaces with most accounting and ERP systems.