Spare Parts Management

Aftermarket Management is very important in an organization for reaching the needed plant availability at maximum costs. These days, almost all of the industries are heading for mass production focused, superior and capital rigorous technology as well as for such devices and plant, the recovery time is absolutely expensive. It has been seen in many industries that unavailability of parts when required for repairs leads to about 60 percent of the entire down time. Together with this, the expense of the parts is more than 50 percent of the overall maintenance cost and when the upkeep department complains of non-availability of parts, the finance department faces budgetary problems. This signifies that aftermarket management is of utmost importance in any organization. shipped to India

However, additionally, there are a number of problems confronted in controlling and handling parts by the organizations. The first problem is there is always an aspect of uncertainty that is when parts will be required and the quantity that is required. 

Another problem is that some of the parts might not exactly be easily available. This can happen due to 2 reasons. Firstly, the parts are sold quite fast and secondly, manufacturers may introduce new designs and parts for the old models may be took out. This may be an instance with brought in spare parts as developed countries tend to bring in new designs often.

The next problem could be that the variety and quantity of parts are too large which makes end of trading control more tedious.

The primary aim of spare parts management is to make certain that parts are available when needed at optimum costs. Together with this, the parts have to be of the right quality.