Maintaining a spare parts inventory is a balance between the maintenance department, which must ensure maximum equipment availability, and the finance department, which aims to economize and reduce expenses. As an external entity, Synapse can objectively reduce and optimize stock levels by:
Inventory Optimization
- Identifying parts through inventory and updating the site’s database (Asset Register).
- Assessing the obsolescence of equipment and parts with Original Equipment Manufacturers (OEMs).
- Studying and classifying equipment by criticality using Root Cause Analysis based on Reliability Centered Maintenance (RCM) studies.
- Analyzing and categorizing spare parts by criticality level based on their importance, value, delivery time, and shelf life.
- Summarizing previous studies and defining minimum, maximum, and reorder points for each Stock Keeping Unit (SKU).
- Implementing a spare parts inventory policy to automate the process within the industry when creating new SKUs.