{"id":7469,"date":"2022-11-30T15:53:00","date_gmt":"2022-11-30T10:23:00","guid":{"rendered":"https:\/\/loconav.com\/blog\/?p=7469"},"modified":"2022-12-01T04:03:24","modified_gmt":"2022-11-30T22:33:24","slug":"spare-parts-inventory-management","status":"publish","type":"post","link":"https:\/\/loconav.com\/blog\/spare-parts-inventory-management\/","title":{"rendered":"How To Manage Your Spare Parts Inventory?"},"content":{"rendered":"\n

Parts are in low supply in the transportation business. Although for telematics, the low supply began with the global microchip shortage<\/mark><\/a>, it is now spreading into the aftermarket, with fleets reporting wait times for replacement parts required to complete maintenance service or repairs.<\/p>\n\n\n\n

Parts management is essential for fleet operations. Spare parts must be available when parts need to be replaced; yet, retaining too many spare parts will raise inventory and costs. In this blog, we will discuss types of fleet spare parts and how spare parts inventory management can help you elevate your fleet operations.<\/p>\n\n\n\n

Types of Spare Parts<\/strong><\/h2>\n\n\n\n

Spare parts can be broadly classified into 4 categories:<\/p>\n\n\n\n

  1. CAPITAL SPARES<\/strong> are crucial parts that are typically replaced during equipment capital repairs. As a result, the procurement activity and delivery of these supplies must be organised at the time the equipment is picked up for capital repair.<\/li>
  2. OVERHAUL SPARES <\/strong>are parts that must be changed each time the vehicle is disassembled and reassembled.<\/li>
  3. WEAR AND TEAR SPARES <\/strong>are parts that experience regular wear and tear during equipment operation and must be changed after a certain number of hours of operation.<\/li>
  4. CONSUMABLE SPARES <\/strong>are items that are often utilised, such as fasteners, seals, gaskets, and fuses. These are typically low-priced things.<\/li><\/ol>\n\n\n
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    Manage your fleet efficiently with LocoNav’s Fleet Management Solutions!<\/h3>\n