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.
Client Resource Cost reductions
Warehousing Cost reductions
Procurement Cost reductions
Plant Maintenance Cost reductions