Industrial facilities rely on a variety of equipment to support their vital processes. Factors such as increases in customer demand and exceptionally harsh applications can be taxing on the equipment, causing equipment malfunction or failure that takes production off-line. For this reason it is imperative for facilities to keep the most crucial spare parts on-hand, preventing costly interruptions or shutdowns.
Many professionals tend to avoid the practice of stocking parts, but there are numerous benefits to this method. One such benefit is cost savings. Assuming your plant is operating around the clock, you could potentially save thousands of dollars by having critical items readily available.