Maintaining access to spare parts is a necessary component of running a manufacturing operation. Unfortunately, problems in this area are common, and they arise from the same challenge – a lack of visibility that comes from the need for clean, consistent data.
And for many companies, the cost of this lack of clarity comes in the form of emergency purchases, excess inventory, and unplanned downtime. Before they know it, they’re bleeding cash.
But it doesn’t have to be this way. Joining us for today’s discussion on the hidden costs of spare parts chaos – and what to do about it – is Martin Weber, CEO of SPARETECH, Inc. SPARETECH is a company that offers AI-powered software for MRO sourcing and inventory optimization. The company’s goal is to enable maintenance and procurement teams in manufacturing to reliably reduce spend and optimize inventory by sourcing spare parts inside or outside their production network and stop buying parts they already have.
Lending another perspective is Allyson Williamson. Allyson is a Category Manager for BSH Home Appliances, the maker of well-known appliance brands such as Bosch and Siemens.She has more than 10 years of experience in planning and purchasing within the manufacturing sector and is here to share how BSH was able to get a handle on its spare parts problem with the help of SPARETECH.
