SPIO Spare Parts Inventory Optimization

Stock only what you need

Spare parts are necessary for reducing asset downtime, however, the cost of holding and managing spare part stocks can be significant.

BQR’s SPIO module finds the optimal combination of spare parts that minimizes cost while maintaining high asset performance.

Optimization is based on the asset availability model rather than user defined equipment criticality.

Import (optional)

Import the block tree, components and failure modes from BQR’s FMECA using BQR’s Core Database
Alternately, data can be imported from CSV files

User Input

Define project data such as: Life-Cycle period and operation profiles
Define the reliability model, repair and replace policy for each block
Define logistics options for the asset including: spare stocks, OEMs, shops, and transportation routes
Define costs of inspections, maintenance actions, and downtime
Define resources required for each inspection and maintenance task (optional)
Define additional scenarios in order to compare cost and availability

Analysis

The software validates the user data. If data is missing, user is notified
Software optimizes the spare part quantities in each stock in order to minimize the Life-Cycle Cost (LCC) while keeping a high asset availability
Alternately, the software can optimize spare parts in order to reach the highest asset availability under a limited spare parts budget

Reports