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MRO Inventories, millions of dollars in spare equipment.

10/16/2017

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We hear people lament about the pros and cons of spare inventory every week. Spare equipment inventory is a necessary evil with many problems and pitfalls attached. Do we have the correct spares in stock, how long have they been on the shelf, what is the environment that they are stored in, can I use one piece in place of another?

When you are running a manufacturing plant 24/7 and down time costs you many dollars in production, having a spare inventory on the shelf is very important to support your maintenance department.

The algorithm says we should stock that many. We are inundated with software programs that crunch the numbers on inventory levels. Common sense dictates that we should not just rely on numbers spit out by a computer. Good questions for the store room specialists include “How many turns do you get on each piece in inventory, how many of each do you stock and why?” I have heard answers from “Well we keep this important servo drive in stock because ours fails once a year.” “We keep three of these drives on the shelf because we have had problems with failures right off the shelf.” “We don’t repair any drives we just throw them away and purchase new replacements.” “We just expedite and fly all new parts in when we go down.”
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How can we help? IPS has solutions for all of these potential issues. We can even be considered an extension of your store room inventory - without all of the associated costs. Send us your second or third spare, let us repair them and keep them on our shelf for you. There is no cost to you until we actually ship you the drive or servo motor. Send us those drives and servo motors that you were going to throw away. We will repair them and keep them on a shelf in our facility as spares for you; again at no cost to you until you need them.

Where do you go to find obsolete parts? Many store room specialists are struggling to find spares for units that are beyond the legacy stage. Most scour for surplus equipment on the internet and no one really knows the conditions of these pieces. IPS has relationships with many vendors in the USA, Asia and Europe, which enables us to source parts and replacements for older equipment.

An alternate solution. We have partnered with OEM’s to find cost effective solutions for manufacturing plants that are not ready to upgrade their entire systems yet. Including custom integration plans and smaller retrofits to current equipment.

MRO Inventory optimization is critical to a successful production business.  Has your integrated stores formed a partnership with an OEM quality repair facility?   Is that repair facility interested in doing a critical spares inventory program?  Is that repair facility interested in helping you stock some spare inventory for exchange?  If you answered “no” to any of these questions, then you should give IPS a call.
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Always looking for solutions. If your spare parts are at the legacy stage, or beyond, we may be able to help you with repair of your equipment, locating replacement equipment, or offering replacement options. 
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    Author

    Jerry Ragonese. Servo / Electronic Product Manager, Folcroft, PA.

    View my profile on LinkedIn

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All new and rebuilt products carry a one year warranty from date shipped.