What the heck is PARTS MANAGEMENT, and what’s it good for anyway?
Often times we find that we use “standard” vernacular, industry buzzwords, fancy “lingo” or “slang” which we think has a clear definition, but has various meanings to our peers. This not only applies to phraseology but also key concepts within our field. PARTS MANAGEMENT is one of these concepts which has many meanings within many organizations – few of them are consistent with one another.
We asked our industry expert and CEO, Tim Thomas, to take a few minutes and break Parts Management down to it’s core building blocks, explain the problem and offer some insight into some possible opportunities for organizations to increase their bottom line by streamlining their engineering methodology.
EXCERPT: What is Parts Management?
Selecting, specifying, ensuring proper applications and managing parts in general makes for a major engineering task. Parts are the building blocks from which systems are created and, as such, greatly impact product dependability and market success.
Since the reliability and maintainability of the end product is dependent upon these building blocks, managing the digital parts information with a Parts Management System is essential for success.
Parts Management is the practice of considering the application, standardization, technology (new and aging), system reliability, maintainability, supportability and cost in selecting parts and addressing availability, logistics support and legacy issues in supporting them throughout the life of the systems.