Ensuring accurate spare parts inventory control means you must take into account many factors. Spares are needed due to everything from natural wear and tear to an unexpected breakdown of equipment. At GP MaTe our material and maintenance management system focuses on inventory control and maintenance planning. Our vision is to help companies protect their production equipment and facility investments.
Read on to see how you can take advantage of our site-based or cloud-based solution like other world-class organizations. Let us introduce you to our maintenance management tools. Plus, see how our enterprise asset management can help you optimize company assets with our predictive, preventative, and corrective programs.
Establishing Better Spare Parts Inventory Control
Step 1: Understand Consumption
It’s easy for professionals to overlook consumption predictions because nobody knows exactly when a system failure is going to happen. Spare parts consumption is either based on historic or projected consumption. Additionally, it’s nearly impossible to prepare for every contingency when it comes to spare parts inventory control. Managers and maintenance professionals must understand the costs involved when establishing expedited ordering processes.
GP MaTe will track spare parts consumption, linking usage to equipment and work orders. The system will also predict future needs based upon Preventive planned tasks.
2. Calculate Cost of Systems Failures
In warehouses there are redundancies, but there are also areas that act as a single point of failure for the whole building. The stock levels in your inventory must link to the cost of downtime from system failures.
GP MaTe supports the rating of equipment for production and safety impacts. Spare parts can then be designated as critical spares, which triggers increased control.
3. Estimate Soft Cost Impact and Work with Vendors
Many times, organizations work in various ways to reduce inventory dollars on the books. However, a simple step is to check with vendors to see if they can help you reduce your inventory dollars for better spare parts inventory control. Oftentimes, the better your outside business relationships are, the better inventory control you’ll have.
If you’re curious about how GP MaTe can help your business regarding safety, procurement, inventory, and more, visit our website to learn more about the benefits we have to offer. Contact GP MaTe to schedule a live 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. Additionally, the system is available in many languages and interfaces with most accounting and ERP systems.