Large Industries should have a spare parts interchangeability record (iSPIR), which harmonizes all data across different geographies. This will enable plant operators to identify the correct part and its original supplier during Procurement.

For completeness, the list of spares for each vendor/supplier is reviewed to identify gaps and areas that need to be addressed. This data is used to develop spare interchangeability lists and quantify the stock numbers to create appropriate Bills of Materials.

iSPIR supports organizations in determining the inventory level required. Data can be categorized, from project to equipment to part. It is common for one item to be used across multiple assets and equipment.

Benefits

Client Resource Cost reductions

  • Supplier/Contractor registers spares online.
  • Electronic workflow cuts the time to process
  • Interface to ERP cuts registration time
  • Spares linked to Plant Equipment cut the searching time of Plant Maintenance personnel.

Warehousing Cost reductions

  • Duplicate Resolution optimizes warehouse layout and size.
  • Warehouse personnel spend less time searching for spares, hence becoming more productive.
  • Identifying common spares between plants can cut possible delivery time on critical spares.

Procurement Cost reductions

  • Electronic verification of spares against the existing Catalogue reduces procurement quantities.
  • Allows for inventory optimization that cuts replenishment costs.
  • Cross-referencing of spares allows for optimization of preferred Vendors, improving bargaining power.
  • If Plant Maintenance finds spares due to improved descriptions and links, a reduction in ad-hoc purchasing can be expected.
  • Improved spend analysis allows for Procurement to concentrate on problem processes and Vendors.

Plant Maintenance Cost reductions

  • Less downtime due to spare unavailability.



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