A typical approach for manufacturing companies to control expenses and help assure reliability is supplier consolidation, and equipment standardization. Any strategic supplier selection should include key metrics like equipment life - mean time between repairs (MTBR) and overall life; monetary losses from equipment failures; production losses and repair costs; and annual maintenance costs including preventive maintenance, overhaul, and repair costs.
Best practice is to factor these elements into a RCA/FMEA analysis for defining spare parts and preventive maintenance efforts. Frequently you can tie your operating and maintenance efforts to a supplier commitment for equipment life. If you operate and maintain equipment properly - they will warranty a certain life cycle. A great agreement can include the supplier keeping (owning) critical, and expensive spare parts in a readily available warehouse location close to your plant. Once confidence in the relationship is established, you can even move critical spares to be available on consignment in your stores warehouse.
Synchronous experts are deeply experienced in optimizing the intersection of supplier selection, standardization, reliability, and plant performance. Send us an information request to Sales@SynchronousLLC.com, or review our complete portfolio of service offerings at our web site at www.SynchronousLLC.com
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