Coming to Grips with Spare Parts Inventory

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 –

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