Original Research
A situational approach to the application of the inventory control theory to maintenance spares control
South African Journal of Business Management | Vol 22, No 4 | a907 |
DOI: https://doi.org/10.4102/sajbm.v22i4.907
| © 2018 I. B. Hipkin
| This work is licensed under CC Attribution 4.0
Submitted: 17 October 2018 | Published: 31 December 1991
Submitted: 17 October 2018 | Published: 31 December 1991
About the author(s)
I. B. Hipkin, Department of Business Science, University of Cape Town, South AfricaFull Text:
PDF (981KB)Abstract
The management of maintenance spares has frequently been treated as part of the management of the total inventory in production-oriented organizations. In this article it is suggested that maintenance spares should be grouped into four categories: non-stock, usage stock, project stock and insurance stock. Rather than using a common inventory control approach to all spares, different techniques should be applied to each category. Developments in reliability-centred maintenance will result in less reliance on forecasting maintenance spares requirements, thereby permitting a higher service level without an increase in inventory carrying costs.
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