Spare parts management results vary by organization, starting point, data quality, and implementation discipline. The examples below show the type of outcomes achieved when spare parts decisions are addressed using specialist methods rather than generic inventory logic.
Industry: Manufacturing
Location: Mexico
Result: 54% inventory reduction achieved in 6 months.
Industry: Oil & Gas
Location: USA
Result: 51% inventory reduction identified and being implemented
Industry: Manufacturing
Location: Mexico
Result: 51% inventory reduction achieved in 6 months
Industry: Steel Making
Location: Australia
Result: 49% inventory reduction over 3-4 years
Industry: Oil & Gas
Location: USA
Result: 44% inventory reduction identified and now being implemented
Industry: Manufacturing
Location: Australia
Result: 40% inventory reduction over 2-3 years
Industry: Manufacturing
Location: Bangladesh
Result: 37% inventory reduction achieved in 6 months
Industry: Wholesale Spare Parts Supply
Location: Australia
Result: 36% inventory reduction and $24M cash flow benefit over 14 months
Industry: Rolling Mill
Location: Australia
Result: 33% inventory reduction over 2 years
Industry: Pulp & Paper Mill
Location: Australia
Result: 25% inventory reduction over 2-3 years
Industry: Manufacturing
Location: Turkey
Result: 24% inventory reduction achieved in 6 months, a further 12% expected over the next 12 months
Industry: Oil & Gas
Location: India
Result: 23% inventory reduction over 2-3 years
Industry: Manufacturing
Location: China
Result: 22% inventory reduction achieved in 6 months.
Industry: Manufacturing
Location: New Zealand
Result: 21% inventory reduction over 2-3 years
Industry: Oil & Gas
Location: Malaysia
Result: 19% inventory reduction over 2-3 years
Industry: Pulp & Paper Mill
Location: New Zealand
Result: 17% inventory reduction over 2-3 years
Industry: Oil & Gas
Location: Indonesia
Result: 16% inventory reduction over 2-3 years
Industry: Government Authority
Location: USA
Result: Inventory reductions enabled the closure of outside storage, saving $625k over 5 years.
Industry: Power Generation
Location: Australia
Result: 52% of opportunities (by value) resulted from improvements in spare parts planning.
Industry: Petrochemicals
Location: Australia
Result: Identified process improvements to reduce overstocking equal to 15% of inventory value.
Industry: Oil & Gas
Location: Qatar
Result: Identified strengths, weaknesses and actions required to improve performance.
Industry: Pharmaceuticals
Location: USA
Result: Identified strengths, weaknesses and actions required to improve performance.
Industry: Oil & Gas
Location: Malaysia
Result: Identified strengths, weaknesses and actions required to improve performance.
Industry: Power Generation
Location: USA
Result: Identified opportunity for $8M inventory reduction.
Industry: Manufacturing
Location: Australia
Result: Alignment of systems and accountability across 13 locations providing improved control of inventory spend.
Industry: Oil & Gas
Location: UK
Result: Multi-day spare parts inventory management and optimization capability development program targeted at Asset Management personnel.
Industry: Government Authority
Location: USA
Result: From this team alignment and capability program the team identified inventory reductions enabling the closure of outside storage, saving $625k over 5 years.
Industry: Oil & Gas
Location: USA
Result: Multi-day spare parts inventory management team alignment and capability program for procurement and asset management personnel.
Industry: Oil & Gas
Location: Singapore
Result: Multi-day spare parts inventory management team alignment and capability program for procurement and asset management personnel.
Industry: Oil & Gas
Location: Malaysia
Result: Multi-day spare parts inventory management team alignment and capability program targeted at Asset Management personnel.