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the parts might never be used; the parts might not be stored properly, leading to defects; maintaining inventory of spare parts has associated costs; parts may not be available when needed from a supplier; But without the spare part on hand, a company's customer satisfaction levels could drop if a customer has to wait too long for their item to ...
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.
Spare parts maintained at this level of repair are known as bench stock. Intermediate-level maintenance deployment can vary widely, and is highly dependent on desired operating conditions. In minimal maintenance concepts, there may be minimal or no I-level maintenance, a system known as two-level maintenance (O-level & D-level).
All product (physical material and service) transactions, from your supplier's supplier to your customer's customer, including equipment, supplies, spare parts, bulk product, software, etc. All market interactions, from the understanding of aggregate demand to the fulfillment of each order.
Service parts pricing refers to the aspect of service lifecycle management that deals with setting prices for service parts in the after-sales market. Like other streams of pricing , service parts pricing is a scientific pursuit aimed at aligning service part prices internally to be logical and consistent, and at the same time aligning them ...
In materials management, ABC analysis is an inventory categorisation technique which divides inventory into three categories: 'A' items, with very tight control and accurate records, 'B' items, less tightly controlled and with moderate records, and 'C' items, with the simplest controls possible and minimal records.
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