Spare Part Optimizer

Cedar SPO - Spare Part Optimizer is a software that helps to calculate the proper storage of spare parts, not too much or too little, but has enough spare parts when needed. By using statistical principles to analyse the data of Lead Time, Cost, Usage Rate, Criticality of spare parts and equipment, Failure Mode history, company cost over Analyze and provide appropriate collection advice from general parts (Active Parts) to insurance parts.risk policy for various group of spare parts can be implemented.
Benefits

0 %

Stock Reduction

Spare parts can be reduced by 20-30% in 5 years

Create effective spare parts control processes.

Stock out reduction and improved service level of the warehouse

The cost of having spare parts is reduced.

No risk of spare parts for breakdown work.

Increase financial liquidity for the organization

Is an important part of data quality improvement

Solutions

Create the fastest and shortest route to get a solution.

Online Reports

Take shorter time to prepare reports

Calculate

With the calculation of Max-Min, Safety Stock by scientific method.

Reliable

Make the information in ERP useful and reliable.

Accountability

Enable clear management of Responsibility, and Accountability

Features

  • Multi-Store Features
  • Customize-able Part Criticality Scoring
  • Spare Part Consolidations
  • Statistical Based Stock Risk Recommendation
  • Bulk Calculation:
    • Max/Min, ROP, Safety Stock Recommendation includes Variances of Lead Time, Demands . Probability to Meet Demand,
    • Service Level with defined confidence
  • Option of Simulation based stock recommendation for :
    • Max/Min/ROP/Safety Stock,  Risk of Stock Out,
    • Service Level with defined confidence
    • Include/Exclude demand from PM
    • Includes demands for Planned/Unplanned per Failure Mode/Equipment
  • Customize-able stock recommendation approval procedures by electronic mails
  • Stock Recommendation in case of insufficient maintenance records by questionnaires
  • Support deployment of company Risk Policies
    • Cost of Stock and Cost of Stock Out
    • Risk of Stock Out
    • Service Level/Confidence Level, etc.
  • Close Couple with Cedar- RCM for Part Demand calculation
  • Spare part analysis reports of stock out, over Max, Under Min etc for appropriate course of action.
  • Report to/ Input from Microsoft Excel.
  • CMMS/ERP interface