Many industries routinely request our list of recommended spares, which is why we are posting them on our blog for easy access for our SPOTTER Mini SERIES – but we also wanted to have a short dialog with you about the question: – To Stock Spares or Not?
Most of our customers know we keep stock on hand for the parts they routinely need and can ship overnight the same day an order is received so maybe it is not necessary to stock spares.
In addition – keeping up with and controlling spares inventory is not trivial. Frequently we have heard it remarked that the spares are not on the shelf as thought when a breakdown happens, because they were used and not removed from inventory, or they were stocked in the wrong location and now they are lost.
Since we do not have a minimum order requirement – the only extra costs to consider are the overnight shipping expense and the production lost if the equipment is down until the part is received. Either, and certainly both of these costs will exceed the price of the part! Or frequently the cost of a complete spare pendant (which is harder to lose too!). Of course production downtime does not hit a company’s books in as obvious and accountable manner as writing off lost inventory (which almost always invites a visit from our boss for an explanation!) – but that’s digressing into bookkeeping, which is possibly more boring than a post about stocking spares…