I’ve often turned up on site to help a customer with a breakdown, only to find a host of spares out of their antistatic packaging and a confused client, not knowing whether or not the parts are functional.
Good inventory management solves this problem and gives maintenance teams confidence when replacing faulty gear. It also increases their ability to resolve equipment failures and reduces unnecessary downtime whilst increasing production performance. However, manufacturers can eliminate excess inventory from their books, and thus get better return on net assets, by not purchasing the inventory until it’s needed. Methods of achieving this include Just in Time (JIT) inventory management, sometimes referred to as the Toyota Production System. Keeping its ‘pantry’ in order in this way could save UK manufacturing millions.
Business development manager