Spare parts inventory management

Details Spare parts inventory management Spare parts inventory management

2007-09-04

2007-09-04

Picard, Leo (Department: 2125)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Inventory management

C700S107000, C700S117000, C700S236000

Reexamination Certificate

active

11321759

ABSTRACT:
A method for managing spare parts and tools for a manufacturing enterprise is disclosed. Historical demand values are statistically analyzed to determine optimal stocking levels for spare parts based upon required availability percentages, parts lead times, and the statistical distribution parts demand levels. Parts stocking decisions can also be based upon planned and preventative maintenance timeframes with such parts ordered on an as-needed basis in accordance with lead times. Spare parts inventory management can utilize an enterprise-wide computer system to integrate parts demand planning with systems used for engineering and other changes to manufacturing processes and facility maintenance systems. The computer system can perform varying degrees of the parts reordering and planning process and automate certain steps while providing for decision of other issues by parts management personnel.

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