How to Calculate a Spare Parts Lifetime Buy?

Spare parts obsolescence and redundancy are an important factor in managing the lifecycle of a typical high value system. Electronic components typically have short production lifecycles, typically 2-5 years and even military suppliers have difficulty maintaining...

How to Establish Stock-Out-Risk Goals

Here is an example of a recent question that we were asked by a client. I have a unit that with a lifetime of 10 years and I want zero stock-out-risk. How many spare parts should I recommend? The short answer to this is infinity spare parts. Only infinity spare parts...

What is Spare Parts Optimization?

One of our customers recently asked: The budgets of our customers are being continually slashed, yet they still want and need the same level of spare parts support. Is there a way of using Spares Calculator to help them spend their money more wisely so that they get...

How to Convert Optimization Goals for Spare Parts Inventory

In this article we show how to convert the Probability of Availability to Stock-Out-Risk or Mean-Time-Between-Stock-Out for Spare Parts inventory. Problem Spares Calculator can forecast [Stock-Out-Risk],  [Mean Time Between Stock-Out] and [Probability of Availability]...