Parts planning technique

Question

Accepted Answer

Parts planning technique involves efficient management of inventory to ensure availability of required parts.

Parts planning involves forecasting demand and determining optimal inventory levels.
Techniques like ABC analysis, Just-in-Time (JIT) inventory, and Economic Order Quantity (EOQ) are commonly used.
ABC analysis categorizes parts based on their importance and usage frequency.
JIT inventory aims to minimize inventory holding costs by ordering parts only when needed.
EOQ helps determine the optimal order quantity that minimizes total inventory costs.
Effective parts planning reduces stockouts, minimizes excess inventory, and improves operational efficiency.

Accepted Answer

Machine Maintenance side First of PM work doing then will define critical spares n consumable spares .. Schudule PM work

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