Every product manufacturing company is operating on a laser thin margin and they cannot afford to have any breakdown of their critical assets. The availability and utilization of the assets are very critical to meet the production schedule.
Without robust asset management solutions and spares, parts innovatory management strategy manufacturing industries cannot sustain in the long run. Our asset management and supply chain optimization solutions ensure higher asset reliability, optimum spare parts stocking strategy, and reduced operational risk.
Key to this a perfect asset BOM with critical spare parts and a standardized and cleansed spares parts master. A spare parts master data modeling with an industry-standard taxonomy and classification ensures clear visibility on the inventory and support accurate spend analytics.