Improving Spares Stocking without Statistics
Abstract
James and Fred discussing a better way to set stocking levels of spares.
Key Points
Join James and Fred as they discuss the need for better data and basic information related to the setting of spares.
Topics include:
- A couple rather poor ways to do stocking, intuition, guessing, vendor recommendations.
- The cost of the maintenance train, primary spares that simply add unnecessary costs.
- The use of a risk matrix in simply setting up what to stock as spares.
- A couple of simple formulas to determine the min and max stocking levels for critical spares.
Enjoy an episode of Speaking of Reliability. Where you can join friends as they discuss reliability topics. Join us as we discuss topics ranging from design for reliability techniques, to field data analysis approaches.
SOR 230 Improving Spares Stocking without StatisticsJames Kovacevic
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Show Notes
Nolan and Heap study including the six failure patterns.
During this show, yall discussed making the spreadsheet for determining warehouse stock level available. I was wondering if I could have it sent to me. My plant goes through an arduous “smart review” of our warehouse every year with very little direction on what the end goal is excect to “determine if we still need these parts”. This task typically gets thrown to the younger engineers and I feel your spreadsheet would help give them some guidance on how to tackle the task in an intelligent and systematic way.
Hi David,
I would be happy to share the spreadsheet with you. If anyone else would like the spreadsheet, please email, info@hpreliability.com
Thank you
James