Glossary · Topic
Spare Parts & Obsolescence
29 terms from the field of Spare Parts & Obsolescence.
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- ABC analysisABC analysis is a method that divides items into A, B and C classes according to their share of consumption value in order to target effort.
- Alternative part (equivalent part)An alternative part is a component from another manufacturer or of another type that can replace an original part equivalently in form, fit and …
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- ObsolescenceObsolescence is the state in which a component, material or software is no longer offered by the manufacturer although it is still needed.
- Obsolescence managementObsolescence management detects component discontinuations early and plans measures so that plants stay operational without original parts.
- OEM (original equipment manufacturer)OEM (original equipment manufacturer) refers to the original manufacturer of a machine, plant or component that sells the product under its own name.
- Overhaul (refurbishment)An overhaul is the complete dismantling, inspection and reconditioning of a machine or assembly to an almost as-new condition.
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- Reorder pointThe reorder point is the stock level at which a replenishment order is triggered so that stock lasts until the goods are received.
- Replenishment lead timeReplenishment lead time is the period from identifying a requirement until the material is available in stock or at the point of use.
- Reverse engineering (spare parts)For spare parts, reverse engineering is the redesign of a component from an existing sample when the original is no longer available.
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- Safety stockSafety stock is an inventory buffer that absorbs fluctuations in consumption and replenishment lead time and is intended to prevent stockouts.
- Second sourceA second source is a second, equivalent source of supply for a component that secures supply if the main supplier fails or faces a shortage.
- Spare parts listA spare parts list records the replaceable parts of a machine with designation, part number and quantity and serves as the basis for ordering and …
- Spare parts managementSpare parts management plans, procures, stores and controls spare parts so that plants stay available and stock levels remain economical.
- Spare parts procurementSpare parts procurement is the purchasing process for spare parts, from identifying the part through source and quotation to delivery.
- Spare parts supplySpare parts supply means ensuring that required spare parts are available at the right time, in the right quality and in the right quantity.
- Supply shortageA supply shortage exists when a material is not available in the required quantity or by the required date, putting supply at risk.
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