Keeping spares in stock in manufacturing is crucial as it allows for speedy repairs to equipment breakdowns and failures. This minimises production downtime, ensures consistent output and prevents significant losses in productivity and revenue when machinery fails unexpectedly.
Here at EPP, we can advise which parts you should be keeping in stock. This can be based on several factors, from the lead time of parts, cost of parts and what preventative measures are in place for the machine.
Key reasons why spare parts are vitally important in manufacturing:
- Reduced Downtime – The most significant benefit is the ability to quickly replace faulty or failed parts, minimizing the time a machine is out of operation due to a breakdown.
- Production Deadlines – By having spares on hand, the engineering team can address issues promptly and meet production deadlines.
- Cost Efficiency – Avoiding downtime means lower production costs and increased profits.
- Planned maintenance – Spare parts in stock can be used for planned maintenance which can help to identify potential failures before they happen.
- Improved Equipment Reliability – Being able to quickly replace worn parts can help maintain the health and the performance of your machinery.
- Ability to Deal with Unexpected Issues – Having a stocked inventory allows for quick responses to unforeseen breakdowns and failures.
To discuss your own requirements and how EPP can help you stock the correct parts, please get in touch with myself at Dan.Hampson@eppltd.co.uk.