Missing parts. Excess inventory. Persistent obsolescence. Low first-time fix rates.
These are the problems your service parts planners face. Limited by ERP systems built for manufacturing supply chains, they struggle to keep inventory costs low while ensuring parts are available and accessible. Effective service parts management achieves these goals by:
- Analyzing the relationships between multiple stocking locations;
- Pulling data from ERPs, maintenance systems, and other sources to predict service parts demand; and
- Developing stocking plans based on service level objectives, budgetary limitations, and forecasts.