Developing a Stocking Strategy

A Risk-Based Approach to Spares Management

I want you to image a storeroom.  Really, close your eyes and think about a storeroom with;
  • No access control
  • Stocking 2 years worth of electrical boxes
  • No naming system for parts
  • A kitting shelf with parts received 3 years ago
  • Parts in stock from equipment that was removed 8 years prior
  • V-belts dry rotted on the shelf, corroded valves, and bearings out of their packaging
  • Anyone could stock a part in the control room

Does this sound familiar?  Unfortunately, it is all too common in […]