Our Spare Parts Evaluation involves determining the likelihood and historical frequency of equipment failure and the consequences of that failure in terms of safety, environmental impact and plant downtime. This is referred to as ‘Plant Criticality’. Using the Plant Criticality information along with information about the spare item, lead time, cost and cost of holding, a balance of stock holding against downtime risk of plant is established, leading to a recommended spares holding.
From the Resulting Spare Parts Evaluation, ESS Ltd. can deliver:
- Spares that you have and don’t require
- A list of spares that you have and need to keep at optimum levels
- A list of the spares that you should hold, but don’t