Stock Recommendation

FIELD

DESCRIPTION

Spare parts properties

The stock costs, delivery period, order point and order quantity for the spare part in question are shown here.

Data fail causes

Parts and/or components linked to the spare part are shown here

Recommendations

Below each spare part the recommendations shows the following:

• Average stock costs

  This is the average amount per year it costs to keep the spare part in stock.

  Average stock costs = average stock * stock costs

  Average stock = order point - (delivery period/total MTTF) + (order quantity/2)

  The total MTTF represents the sum of the MTTF of failures of the linked maintenance actions, assuming that failures occur in a consistent manner.

• Difference based on average costs

  This is the difference in costs between keeping the spare part in stock and not keeping it in stock.

  Difference of average costs = production loss - stock costs

• Recommendation based on downtime

  This recommendation indicates whether keeping the spare part in stock influences the downtime. If there is downtime, the recommendation will be positive.

• Recommendation based on costs

  This recommendation indicates whether it is profitable to keep a spare part in stock