Having the right materials and spare parts on hand is critical to proactive asset maintenance and operational continuity.Insufficient inventory can lead to extended downtime, reduced asset performance and increased costs associated with urgent procurement while excess inventory ties up working capital and increases carrying costs.
Materials and spares account for a substantial share of total maintenance spend, making effective materials management both critical and complex. With extensive experience in asset optimisation, our team of experts works closely with our clients' teams to set spare parts strategies to support asset operability and reliable operations— balancing supply and demand while minimising excess inventory and working capital. Through data-driven analysis and practical implementation support, we help mitigate risk, improve asset availability, and enhance operational outcomes.
Our services include:
- Stock service-level and replenishment-strategy analysis
- Consumption forecasting from maintenance strategies, Bills of Materials and operating plans
- Stocking-policy review and optimisation (materials requirements planning / replenishment parameters)
- Stores and stocks assessment, organisation, and optimisation
- Process optimisation and coaching in materials management
- Review of materials master data structures
- Management of repairable equipment and spare parts
- Analysis of the purchasing and supplier management process
- Consumption inactivity analysis and obsolescence provision
The result is a more efficient and resilient spares inventory, with fewer stockouts, lower capital requirements, and higher asset availability.