Parts Management Solutions
Reduce inventory costs and waste. Increase availability.
Understanding parts management and inventory optimization plays an important role in an organization’s success – particularly so for those with mission-critical assets. The challenge is how to best balance inventory levels.
On one hand, reducing inventory could free up important capital. On the other, the savings achieved could be quickly lost if an unexpected production outage occurred because a critical part wasn’t available. Many organizations conduct inventory audits manually each year – a labor-intensive and an often prohibitively expensive process. The most effective way to reduce inventory while protecting against the risk of stock-outs is to use inventory optimization software in conjunction with an EAM solution that can define stock levels and then maintain them in an automated fashion.
Parts stock levels are also often inaccurate due to incorrect selection of parts from the catalog. Parts management can be further enhanced by the use of an intuitive, graphical parts catalog to help organizations find the right parts quickly and easily.
expand Key Benefits
Parts Management helps organizations improve part availability and reduce stock-outs of critical items by:
- Reducing working capital tied up in inventory.
- Improving vendor performance.
- Providing accurate catalog descriptions and classifications.
- Managing workflow for the cataloguing process.
- Improving the effective management of stock.
- Enabling all parts and service information to be found quickly and easily.
- Reducing asset down-time by increasing maintenance team efficiency.
- Improving order accuracy and reducing costs associated with excess stock.
expand Key Capabilities
|Critical Inventory Optimization||Maintain optimal inventory levels while preventing stock-outs of critical parts and save potentially millions of dollars in working capital. Critical Inventory Optimization automatically analyzes and adjusts stock levels and reordering requirements on an ongoing basis.|
|Graphical Parts Manuals||Use our intuitive, graphical parts catalog to help you always find the right part, right away. Our graphical content delivery solution provides correct and timely part information to a large and geographically dispersed network of dealers and operators. It's a powerful and easy-to-use solution for manufacturing plants as well as asset maintenance organizations.|
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For more than 150 years, BNSF Railway has been quietly delivering cars, coal, clothing, games, and nearly anything else found in homes and businesses. Through contemporary, world-class people, processes, and technology like Ventyx's, BNSF Railway provides an easy, relevant choice for all types of shippers in a wide variety of locations.
Woodside is one of Australia’s top ten companies by market capitalisation, and the nation’s largest publicly-traded oil and gas exploration and production company. Based in Perth, Western Australia, Woodside has major operational assets and exploration and development interests in five continents including Australia and the United States.
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