Uniformity: The key to better inventory management
G. Boshears
Abstract
G. Boshears
Abstract
The objective of this paper is to show how uniformity in describing parts and materials can be the key ingredient to more effective inventory management. Although most nuclear utilities have some type of computer system for maintenance management as well as materials tracking, few have a system to provide the various users with complete information about parts and material in stock. One of the industry's most perplexing problems is How do you know, and find, the item you need to repair a particular piece of equipment or component In many instances it is easier to order a new one from the manufacturer rather than try to find it on-site, which can result in inaccurate usage records, over-stocking, frustration, and strain on cash flow. What is needed is a higher degree of uniformity within a station, and a utility, of catalog descriptions for parts and material that will satisfy all users-planners, craftsmen, warehouse personnel, and buyers. The results of attaining this uniformity are improved performance through searchability, duplicate stock avoidance, interchangeability, substitutability, and more accurate bills of material; economic benefits will also be noted.
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The objective of this paper is to show how uniformity in describing parts and materials can be the key ingredient to more effective inventory management. Although most nuclear utilities have some type of computer system for maintenance management as well as materials tracking, few have a system to provide the various users with complete information about parts and material in stock. One of the industry's most perplexing problems is How do you know, and find, the item you need to repair a particular piece of equipment or component In many instances it is easier to order a new one from the manufacturer rather than try to find it on-site, which can result in inaccurate usage records, over-stocking, frustration, and strain on cash flow. What is needed is a higher degree of uniformity within a station, and a utility, of catalog descriptions for parts and material that will satisfy all users-planners, craftsmen, warehouse personnel, and buyers. The results of attaining this uniformity are improved performance through searchability, duplicate stock avoidance, interchangeability, substitutability, and more accurate bills of material; economic benefits will also be noted.
Key concepts: Interchangeability, Computer science, Cash flow, Key (lock), Materials management, Stock (firearms), Operations research, Order (exchange)