Effective spare parts management and services are crucial for optimization? Explain.

If you want to succeed in your business management you should really support and follow up with the product you are selling to consumer ... You cannot sell a car without ensuring that parts are available also for buyers ...

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Businesses need to have both an effective software platform in place and the right level of connectivity and information sharing between different stakeholders, both inside and outside of an organization. Norm Messenger, Inspirage service parts and reverse logistics solutions manager, said there are two major areas that need to be addressed when it comes to spare parts management: good, complete sets of data related to the items using the parts and a strong forecasting process. Combined, these two concepts create the foundation of an effective spare parts management plan.

Strong item master data – including reliability estimates, sources of supply and repair among other considerations – is essential. With accurate and up-to-date information, the most efficient inventory levels can be found while taking any and all unique factors into consideration. This includes tracking different versions of similar goods so the right parts are supplied to the correct location. Complete data is a significant need for all businesses that rely on machines large and small to complete tasks, but is most acutely felt by companies supporting high-value assets across a large geographic area.

“If you’re trying to support those [complex assets] across a wide geography, you need to know, as part of that item master, which customers have what finished goods and what versions of spare parts,” Norm Messenger said.

The other building block of effective spare parts management is strong forecasting that takes various data streams into account. While many businesses use sales data to establish their forecasting plans, it’s not enough to accurately predict needs while also taking the product lifecycle and other unique factors into account. A variety of stakeholders have to participate and share information for forecasting to truly be useful. Engineering and maintenance teams, as well as customers, all have to be part of the process.

True.

We live in a day an age where the need for spare parts and services need to be researched, planned and executed accordingly.

agree with all colleagues answers

Agree with above answer <<<<<<<<<<<<<<<

Yes, they are, since they contribute to they availability of whatever is requires, at any point of time, and a sa result, optimization is achieved

Apologized for the answer, I do not know, leave the answer for the professionals.