Aftermarket spare parts (duplicate/used) sourcing is a most dynamic and wider activity. It is very difficult for any machinery OEM to support client with micro level parts quickly to address their immediate downtime requirement. To fulfill this gap, everywhere in the world, after market spare parts dealers has been generated and they met the major portion of the parts requirement of end user. At some of the area, the aftermarket is organised but most of the area in world the aftermarket is very unorganised and there is huge involvement of middle men which unnecessary enhances the actual price of parts. Therefore, managing after market sources are very skill full job and requires extensive knowledge in network.

In an used machinery, many of the critical micro level parts are in good condition. These parts can be reused after proper assessment by the technical experts which may recondition the particular item or, equipment for gaining more life. This is very smart and skillful job and we at Equiptech help the end user to utilise it’s machinery even after completion of achieving full theoretical life. Our in depth knowledge of the equipment and parts, may be able to identify correct used and duplicate parts in the market and source the same with most economical & faster ways which save huge cost and productivity loss due to quick commissioning of equipment.

Spare parts management is about, how spare parts handling must be systematized and structured to enable efficient inventory management that leads to improved availability and reduces the amount of capital expenditure. A good spare parts inventory system reduces the production downtime and simplifies equipment maintenance. The goal of spare parts management is to ensure the lowest overall cost possible.

Equiptech deals with different tools & software for managing complex supply chain of spare parts management. With this innovative inventory management and tracking tools, organizations have the power to manage inventory across multiple locations easily. They can track it using FIFO, LIFO or moving average accounting methods.

Following stages are involved in effective parts inventory management :

1. Operation strategy
2. Standardizing the Work Order process
3. Effective parts inventory control
4. In-depth understanding of lead times for different parts
5. Calculating risk for every equipment
6. Stocking parts for new equipment
7. Adopting better security measures

We design and manufacture spare parts either under license by OEM or, with the reference of their drawing. We also design the parts based on the application and physical inspection of items. This help the end user to get support even for the obsolete parts. Our engineering team is well experienced in designing the parts to obtain a feasible solution. We facilitate the equipment OEM to design suitable parts with proper identification code.

Spare parts standardization across Globe is defined as the process of developing, establishing, and implementing a set of guidelines that permits mass production of equipment spare parts and components, which can be easily fitted into any other part/equipment without the need for any adjustment. For any organization, spare parts standardization is an important solution for reducing long-term and excessive inventory along with simultaneously minimizing equipment maintenance costs.

Today’s businesses experience the need to organize their parts data in terms of eliminating duplicates, standardizing parts, and removing obsolete parts. Many organizations are focusing on the key role that standardization plays in parts management. They are continuously working to create greater transparency between engineering and purchasing teams.

Many OEM faces problems due to non standardisation of parts which increases the product cost resulting less competitiveness in the market. Our expert team assist the OEM from design level to production to implement standardise parts tm to create proper parts catalogue by implementing 3D design assembly drawings. We take help of leading design software to make a suitable digital parts catalogue for OEM to trace and standardise the parts utilisation in many of their models.

Spare parts supply chain network of a highly sophisticated machine is spreaded across Globe and very complex in nature. The next generation innovative technology is addressing this complexity in more accurately and even realtime basis. We at Equiptech do the research on this emerging technology for implementing in the parts SCM.

• Realtime Parts Locator : We work on this concept to design a digital platform to locate correct parts at nearest dealer location as per their current inventory position. This will bring the momentum in the entire ecosystem which ultimately will address the downtime of equipment.
• AI & Machine Learning : AI can be wisely used for demand forecasting for spare parts. Specialized software providers have been working on algorithms for modeling demand behavior in spare parts management for years. But the planning parameters are too varied and the demand patterns are too unstable. It’s clear that this challenge cannot be overcome with rigid algorithms. But the machine learning opens up a new perspective. Artificial intelligence can automatically process and independently get to grips with large tasks containing vast amounts of data. Machine learning help for Forecasting parts-failures at the points of demand and planning for replenishment. Millions of spare parts variants, fluctuating error rates and other variables – all this is a classic case for artificial intelligence.
• 3D Printing – Future of Spare Parts : 3D printing, also known as additive manufacturing, has come a long way since it was first developed in the 1980s. While 3D printing originated as a tool for rapid prototyping, it has now evolved to cover a number of different technologies.  This technology can be used in spare parts manufacturing & sourcing instantly at respective site. 3D printing has the potential to solve and transform the way spare parts are manufactured, delivered and stored. From reduced inventory and logistics costs to increased manufacturing agility with on-demand production, 3D printing offers a wealth of opportunity for the spare parts industry.
  • 3D scanning creates a 3D printable digital model of a spare part, which is then sent to a 3D printer and can be produced in a much faster time frame. By adopting this process, suppliers and manufacturers can greatly improve their flexibility and business agility. Another game-changing benefit of 3D printing is that production can now move closer to customers. Producing parts in localised areas using 3D printing can ensure that spare parts are available within shorter timeframes.
  • Encouraged by the possibilities offered by additive manufacturing, spare parts suppliers and OEMs are increasingly recognising the benefits of 3D printing as a source of on-demand, decentralised manufacturing. As the technology evolves and potential challenges are resolved, 3D printing will inevitably play a much more prominent role in the areas of spare parts logistics, revolutionising the traditional spare parts supply chain.

The OEM of construction equipment sources parts from various suppliers. The construction & Mining equipment are working under a high performance area and few hours of breakdown causes huge losses to the fleet owner. The equipment owner knows only the OEM or tier dealer and they are completely not aware about the source of spare parts. To solve this problem, block chain technology can play a vital role in this industry.

During critical situation of breakdown, the equipment owner or, their maintenance department could put a request to the source through the OEMs for supply of required parts. The Blockchain linked to the relevant part for the OEM contract, could give the authorisation to view the relevant data on the part. Both the client and the OEM can work together, and the end customer is assured of the quality of the parts and systems used. With Blockchain it becomes easier to identify which part was sourced from which vendor which reduces lead time for supply of parts resulting subsequent decrease MTBF (mean time between failure) of equipment working at site.

We at Equiptech provide complete guidance on the above futuristic practices to manage the overall spare parts industry.