IO: Inventory Optimization
IO checks spare part policies against required system availability and recommends a policy that minimizes the total cost of spare parts for the initial purchase, and throughout the system’s lifetime. The module takes into consideration repair sites, repair delay time, lead-time, transportation, packing, downtime costs and more.
IO checks all spare part policies against the required system availability. It recommends the optimal number of spare parts for each replaceable part number and multiple stock sites (Exchange and Forwards) in the maintenance site map. Required system availability is achieved, if possible, or else, the maximum feasible availability is calculated. IO enables minimizing the total cost of spare parts initially purchased, and their handling throughout the system’s lifetime, taking into account repair sites, repair delay time, lead time, transportation, packing, down time costs and others.