 Materials
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The
policies and decisions made on managing materials function
have a significant effect on the cost of operating the
plant or piece of an equipment. Materials in any manufacturing
sector, are multi-faceted, covering raw materials, finished
goods, work in progress, spare parts, etc.
All these categories of materials other than spare parts
can be managed with various strategies, as their requirements
are easy to forecast and control.
The need of spare parts for equipment is unpredictable,
demand is uncertain, but continuous operation of the
equipment is mandatory for operational success. At this
stage consideration should be given to minimize the
life cycle cost by adopting best practices, reviewing
the business process of materials functions.
Hofincons with its
years (since 1978) of global experience provides the
following services:
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