Asset Reliability Advice


A technical inventory store typically present a value which cannot be used to invest in other company goals, therefor it is important to have only those spares in store that add value to asset reliability, no more and no less. It must be evaluated if, and which parts in store (as wel as the quantity in store) contribute to this added value.

SPARE PARTS IDENTIFICATION, EVALUATION AND NEED TO STORE

"Do we realy know what AND why these parts are in stock?"


Identify WHAT IS actually in store, “all storerooms”. Details, quantity, techical state, criticlity and categorisation.

WHY are these parts in store, and for which asset is it needed

How critical is availability, also What is the predictability of failure due to this part.

STOCK LEVEL AND RE-ORDER OPTIMISATION

“Are all parts in store at correct quantity, or do we have under- or overstock, e.g risk or dead capital?"

WHAT quantity is required, based on usage and availability

Calculate under and overstock,
Identify and document optimum stock levels vs consumption,

Used predictability of failure and potential lead-time as one of the parameters.

TECHNICAL STATE / CONDITION STOREROOMS

“Are all our parts stored in the correct manner to ensure we can use them when needed?”


Parts to be stored related to specific requirements, environment, moisture, temperature, vibration.

Parts should be easily found, shelf and rack numbering, possible use barcode.

EFFICIENT STORES PROCESSES AND SOURCING STRATEGIES

"Are parts procured at best conditions at best price according clear agreed specs and stored according good practices?"

Parts must be received, documented and issued via work orders (except consumables

Stores locations clearly described.

Cycle counting and Job Kitting must be handled in the most efficient way.
For every section of this website there is more detailed information available.
"Asset Reliability Advice" can help you with:
- Evaluation of your requirements and define opportunities
- Training on Structure, Work Processes and Inventory Optimization
- Implementation support on processes
and more