Optimizing Your Spare Parts Management with a Materials Cleanse

Effective spare parts management is the foundation for your company’s maintenance and operations. You must know how to determine which spare parts are required to create an effective and in-depth inventory system. The best way to determine this is to establish a strategic method that sufficiently manages the movement and storage of your inventory.

If your company struggles with ineffective spare parts management, then a materials cleanse is a great way to optimize your spare parts management. A cleanse allows you to review your spare parts data and ensure the materials data in your EAM system is accurate and reliable before deploying your EAM-ready data back into your system. This helps you find and order spare parts faster and more effectively, ensures the effectiveness of your BoMs, and saves your maintenance workers time and your company money.

Ensure Your Materials Data is Accurate

When creating accurate equipment data, you want to make sure that the building process is collaborative, iterative, and highly transparent. It is important to ensure you edit and validate your materials data with your maintenance personnel or contractors.

A materials cleanse gives you the opportunity to collaboratively review your materials data and determine whether it is accurate and complete before deploying it back into your EAM system. Having accurate and complete spare parts data simplifies the process of procuring spare parts.

Verify the Reliability of Your Maintenance Data

Reliable data regarding all maintenance tasks that are performed can provide significant insight into the exact spare parts needed and the quantity required.

Maintenance teams want to assure that all parts are available when needed. This mentality often leads to excess inventory, unused spares, and unnecessary additional costs. Spare parts inventory is one of the most significant assets for every company, but for your spare parts management to be efficient and costs to be minimized, it must be based on accurate materials data.

Improve the Quality of Your BoMs

A materials cleanse can help correct the inaccurate spare parts data that is leading to the inefficient use of your BoMs. A cleanse gives you the opportunity to evaluate your assets, determine their criticality, and make decisions regarding what equipment to create BoMs for. Building accurate BOMs for every piece of equipment is a time-consuming task. This makes it necessary to create BOMs for critical equipment or equipment that requires frequent part orders. A materials cleanse allows you to review your equipment and accurately determine this.

How Can You Optimize Your Spare Parts Management? 

A materials cleanse can help you correct the inaccurate spare parts data that is leading to ineffective spare parts management and BoMs. A cleanse gives you the opportunity to review your parts descriptions and characteristics to ensure they are accurate, remove duplicate and obsolete parts, and standardize naming conventions and processes.

If you would like to learn more about how NRX AssetHub can help you optimize your spare parts management with a materials cleanse, book a demo, and our team would be happy to help you!