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Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [ 1 ] [ 2 ] [ 3 ] In many industries, the primary market consists of durable goods , whereas the aftermarket consists of consumable or non-durable products ...
A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or refurbishment of defective equipment/units. Spare parts are an important feature of logistics engineering and supply chain management, often comprising dedicated spare parts management systems.
The right-to-repair facets of appliances were a point of contention and lobbying between European consumer groups and appliance manufacturers. [66] Ultimately, the EU passed legislation in October 2019 that required manufacturers of appliances to be able to supply replacement parts to professional repairmen for ten years from manufacture.
Supply chain pyramid. An original equipment manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another company.However, the term is ambiguous, with several other common meanings: It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that ...
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In 1955, the Civil Aeronautics Board separated the parts authority out of the airworthiness standards, and placed it in a more general location so that one standard would apply to replacement and modification parts for all different forms of aircraft. [11] In 1965 CAR 1.55 became Federal Aviation Regulation section 21.303. [12]
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