Spare Parts Inventory App
The first step in the decision making process in building your parts store room for MRO is understanding if you need to keep the part in inventory. Many factors come into play when coming to a decision such as costs including downtime, lead-time, chance of equipment failure, and impact. When you consider all of these factors at once your decision model becomes very complex. This is where you need Spare Parts Calculator.
We do the exponential and probability density functions so you don’t have to. Based on your equipment maintenance conditions, asset life, and part costs you will be able to determine whether or not keeping the spare part in inventory is advisable.
Available for iPhone, iPod touch, and iPad, Spare Parts Calculator is available for FREE on the App Store.