5 Steps to Optimal Integrity and Performance



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5 Steps to Optimal Integrity and Performance
Spares Philosophy
Minimisation of spare part inventories is recognised as one of the means to improve competitiveness and profitability of an organisation as a whole. Although direct cost savings through low inventories maybe immediately apparent, future production output and efficiency demand that a balance must be drawn between a low spares inventory and operational needs. While operators must work towards a Justin Time or Zero


5 Steps to Optimal Integrity and Performance





Page 11

Inventoryā€¯ policy. There must be awareness that spares of critical importance must beheld in stock against unforeseen breakdowns of essential operating equipment. Analysis and assessment against the importance ranking of equipment (or criticality) should determine spare requirements.



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