No manufacturer wants their production machinery to break down. Preventive maintenance is designed to avoid expensive interruptions to operations. However, some failures can’t be avoided. When a machine does break down, having the right spare part in the factory store can enable a much more rapid repair, but this goes against the principle of keeping inventory as small as possible. There is a trade-off between reducing the cost involved in a large inventory of spare parts and the cost of p…
Source URL: Coming to Grips with Spare Parts Inventory
Source Website: Advance Engineering – Engineering.com
