The right tools mean everything in business, especially when it comes to spare parts inventory management. Stocking too many spares equates to tied up capital you can't use elsewhere. However, well managed spare parts equals considerable savings for your company. You save by not stocking unnecessary parts and setting accurate stocking levels and replenishment actions. [...]
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 [...]
Manufacturing and process businesses lose between 5% and 20% of their annual productive capacity from outages, frequently due to lack of spares. Essentially, a significant amount of operations simply don't optimize their spare parts inventory control. This is understandable, given that spare parts management has features that distinguish it from standard inventory control. For example: [...]
When your production line is down and your operations are stalled, what is preventing a quick restart? Spares and maintenance supplies? If so, your company can significantly reduce downtime and production problems. By implementing spare parts inventory control and tracking maintenance items which aren't on hand, you can get back online sooner. GP MaTe software [...]
