Project showcase
Inventory Management Optimization
Project goal
To save time, optimize expenditure and reduce equipment outage time through enhancement of inventory management data
Client Challenge
Lack of accurate, quality, and standardized materials data caused:
- Excessive and wasted expenditure spent on purchasing incorrect spare parts
- Extended periods of equipment outage due to the correct spare not being available for maintenance
- Unable to source replacement parts for obsolete equipment
- Surplus stock and excessive warehouse footprint
- High storage costs of spare parts for equipment that was no longer installed on the asset
- Significant values worth of spares on order that were already in stock
What We Did:
Add Energy’s materials specialists verified, enriched, and developed equipment BoMs through completion of the following tasks:
- Reviewed data completeness, quality and company repair and spares capabilities
- Determined list of spares that should be held in stock and requirements for data enrichment
- Verified part and equipment specifications with original equipment manufacturer (OEM)
- Identified 12% of material masters were “duplicate versions” and worked to cleanse and standardize data to rectify this
- Enriched BoM data and assigned materials and datasheets to the appropriate functional location (FLOC or equipment tag)
- Set min/max levels for stock holding
- Issued CMMS upload template to client for loading into CMMS
- Identified 21% of spares parts were obsolete and provided list of recommended suitable replacement parts
Software Used
Add Energy’s CMMS data management software, Effio, was used by the project team to deliver this inventory optimization solution.
Effio is capable of replicating our clients CMMS environment and provides a user friendly, collaborative, and accessible platform for analyzing, enriching and assigning materials to equipment tags efficiently, consistently and accurately.
Learn more about Effio here
Deliverables




The deliverables provided by Add Energy’s material specialists unlocked the following benefits for our client:

Risk Reduction

Optimized Costs

Optimized Inventory

Established Strategy

Time Efficiencies

Avoid Unnecessary Expenditure

Effective Planning

Mitigate Downtime
Find out more about our Inventory Management Optimization Solutions
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