{"id":143,"date":"2019-09-11T15:11:23","date_gmt":"2019-09-11T14:11:23","guid":{"rendered":"https:\/\/www.argonandco.com\/services\/maintenance-and-after-sales\/spare-parts-management\/"},"modified":"2021-09-21T10:57:00","modified_gmt":"2021-09-21T09:57:00","slug":"spare-parts-management","status":"publish","type":"page","link":"https:\/\/www.argonandco.com\/en\/services\/maintenance-and-after-sales\/spare-parts-management\/","title":{"rendered":"Spare parts management"},"content":{"rendered":"<h2><b>Introduction and challenges<\/b><\/h2>\n<p><span class=\"intro\" style=\"font-weight: 400;\">The management of spare parts is a critical aspect of performance for after-sales and maintenance activities; it is the main contributor to the cost and working capital and heavily influences equipment availability.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The management of spare parts involves very specific and complex issues, some include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The need to constantly improve service level targets driven by increasing competitiveness and expectations of consumers,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Managing and optimising the long tail of spare parts and stock rotation<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Managing repairs around high equipment utilisation targets, such as fleet servicing and repair<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Spare parts management involves complex trade-offs between cost, inventory and service;\u00a0 these three dynamics must be addressed simultaneously, and therefore a number of key questions need to be answered:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What forecasting approach should be used for planning repairs?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What service level should be promised?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How to segment service level targets by parts category?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What level of stock should be held and where?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is an acceptable SKU (Stock-keeping unit) tail versus down-time risk and working capital?\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What kind of network and logistics resources are required to provide the service?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How should returns and recycling be managed?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Achieving the right design of the supporting supply chain processes will drive operational efficiency and customer satisfaction. Adopting a lifecycle management approach will also help optimise the control of regulatory requirements and proactively maintain service levels through the whole life of the equipment.\u00a0<\/span><\/p>\n<h2><b>How we can help\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Argon &amp; Co supports its clients in optimising their spare parts supply chain to achieve service, inventory and cost targets. Our scope of services ranges from the diagnostic and target design stage through to operational implementation and includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Multi-criteria segmentation (price, criticality, rotation) to define the service strategy, logistics strategy and stock policy\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Design of end-to-end supply chain processes including forecasting, inventory and physical logistics<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Organisational design and people capabilities, including centralised planning<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Development of tactical plans to reduce inventory and improve service level<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Design and implementation of lifecycle management methods for spare parts and sub-assemblies<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Supporting systems selection and implementation\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introduction and challenges The management of spare parts is a critical aspect of performance for after-sales and maintenance activities; it is the main contributor to the cost and working capital and heavily influences equipment availability. The management of spare parts involves very specific and complex issues, some include:\u00a0 The need to constantly improve service level [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":49,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"region":[],"class_list":["post-143","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spare parts management - Argon &amp; Co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.argonandco.com\/en\/services\/maintenance-and-after-sales\/spare-parts-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spare parts management - Argon &amp; Co\" \/>\n<meta property=\"og:description\" content=\"Introduction and challenges The management of spare parts is a critical aspect of performance for after-sales and maintenance activities; it is the main contributor to the cost and working capital and heavily influences equipment availability. 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