Table of Contents
What are the types of spare parts?
In logistics, spare parts can be broadly classified into two groups, repairables and consumables. Economically, there is a tradeoff between the cost of ordering a replacement part and the cost of repairing a failed part.
What are critical spares?
A critical spare is a part that significantly threatens ongoing operations when it fails due to the difficulty of replacement. The threat could be financial, resulting from downtime and lost production. It could also be non-monetary, such as personal safety.
What is the difference between spares and consumables?
Consumables are those which are not replaced or which are finished during the process. For ex. Oil, Hand Gloves, Coolant etc. Spares are those which are replaced and doesn’t vanishes from the machine during process.
What are operational spares?
Operational Spare Parts means parts necessary for operating the Facility which are not within the scope of Parts required for Planned Maintenance and Collateral Damage Repair.
How do I plan my spare parts?
9 Tips for Managing and Optimizing Spare Parts Inventory
- Choose a Method for Labeling Critical Components.
- Balance Inventory Volume With Sawtooth Diagrams.
- Keep Your Bill of Materials up to Date.
- Calculate Optimal Economic Order Quantity.
- Develop a Standard Work Order Process.
What is store and spare?
11 May 2012 Stores – raw material. spares – material used as spares to an asset. Loose tools – small tools used in repair work.
Why do we need critical spares?
Inventory Control Designations such as “critical” spares can help you prioritize your inventory. A regular review of spares for excess stock can help to reduce cost too. Properly storing and organizing spares in a designated, secure space is also beneficial for the control of inventory.
How long must a manufacturer keep spare parts?
Manufacturers are required in each case to continue supplying spare parts for two years for a period of two years after their product goes off the market so that their B2B customers will have access to the appropriate parts and are in a position to offer them to their customers who purchased their products under …
What do spares mean?
1 : to forbear to destroy, punish, or harm. 2 : to refrain from attacking or reprimanding with necessary or salutary severity. 3 : to relieve of the necessity of doing or undergoing something spare yourself the trouble. 4 : to refrain from : avoid spared no expense.
How do I write a letter requesting spare parts?
Dear Sir, It is a request to deliver spare parts for maintenance of computers(details sent in an approved quotation) urgently. As mentioned in our maintenance contract, you are bound to provide all the required services within five days after final quotation approval.
Which analysis is used generally for spare parts?
ABC Method of Inventory Control It has become an indispensable part of a business and the ABC analysis is widely used for unfinished good, manufactured products, spare parts, components, finished items and assembly items.