To
review your prioritization
To re-look at your categorization
To control your inventory swelling
Spare Parts Strategy
Review (SPSR) package of Hofincons evaluates your
various materials strategies, with their wide
experience on prioritization, categorization and
stock analysis, in all sectors of manufacturing
industries.
SPSR covers
the evaluation on the following strategies.
Criticality
analysis
Stock decision analysis
Lead-time – internal/external
Interchangeability analysis
Movement analysis
Surplus and Obsolescence
analysis
Consumption and stocking
value analysis
Criticality
Analysis - Prioritizing the component (Analysis) based on operational criticality,
effect on safety, impact on environment, length
of lead time, demand, shelf life, redundancy,
rotablity, OEM dependability etc., Concentrate
on Criticals!
Stock
Decision Analysis – Stock-controlling,
by deciding whether to stock or not, considering
demand, procurement lead-time, unit-price and
penalty cost.Attempt for Zeroing!
Lead-time
Analysis – Evaluating internal and
external lead-time, to optimize the purchasing
duration and controlling the inventory value.
Lower the lead-time, lesser is the
stock!
Interchangeability
Analysis – Creating equipment-wise component
list , reviewing spare parts interchangeability
and proposing insurance items and considering
life cycle requirement, irrespective of vendor
suggestions. Re-look your need!
Movement
Analysis – Analyzing the consumption
and or the component failure data, by classifying
items on movement (analysis) and to identify non-moving items.
Control the move!
Surplus
and Obsolescence Analysis – Reviewing
the non-moving items, considering insurance, demand,
technology change and to filter the wasted values
(surplus and obsolete components). Find
the black sheep!
Consumption
and stocking value analysis – Classifying
items by consumption value (ABC
analysis) and stock value (XYZ
Analysis), using Pareto’s law. Always
Better Control!
Options
SPSR
shall be conducted on all the above said
strategy as a whole package
Or
Strategies specific to client requirement
Conclusion
SPSR concentrates
on dynamic strategies of materials function, setting
quantifiable values to monitor and control materials
logistics, tailored to the need of industries,
without compromising best practices.
