Spare Parts & Inventory Optimization

Industry: Mining & Industrial

Client Situation

Stockouts and excess inventory were causing maintenance delays, increased downtime, and unnecessary carrying costs.

Challenges

• No critical spares list
• Poor inventory accuracy
• Excess stock levels
• Stockouts on essential components

Approach & Methodology

• Conducted full inventory audit
• Developed critical spares list
• Optimized reorder points and safety stock
• Improved warehouse processes and controls

Key Deliverables

• Critical spares list
• Inventory optimization plan
• Updated reorder points
• Warehouse process improvements

Results & Impact

• Stockouts significantly reduced
• Inventory accuracy improved
• Lower carrying costs
• Improved maintenance readiness