Knowledge Center:
Spares Analysis Overview

The Spares Analysis Overview webinar was held February 21^st, 2008.

As more and more companies implement spares reduction initiatives the risk of major losses due to critical spare stock-outs becomes more likely. Since many spares optimization solutions are based heavily on usage data they are inappropriate for insurance and slow moving critical spares. Ensuring the correct holding level for these spares can greatly reduce the risk of stock-out based lost production opportunities.

Spares Analysis provides a risk based optimization for these spares that is not reliant on usage history. The results of an analysis provide the financial justification for the optimal spares holding levels.

The benefits of Spares Analysis include:

• Provides a risk based optimization for slow moving critical spares
• Not reliant on usage history
• Provides a basis for existing spares holding levels
• Integrated with all of the other APM data and work processes

Please complete the following form to download or view:

• Recording of the webinar
• Presentation given during the webinar
• Reliability Analytics datasheet

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