Say a manufacturer introduces 10,000 parts per year at approximately $5k per part. Even a 2% improvement in part reuse could net the manufacturer millions of dollars in savings! So, why aren’t more manufacturers focused on organizing and classifying their parts to achieve better reuse? How do you calculate the real costs of introducing a new part and maintaining it over the life of a product? And what is the best way to avoid part duplication?
The Lifetime of a Part Across the Value Chain
The lifetime value of a part should take into consideration far more than just the cost of its initial creation. The example below outlines the various teams that are often involved in a part lifecycle as it progresses from project to production and aftermarket phases.
Quality investigations, designing, dimensioning, test, PDM administration etc.
Procurements & visits
Process and quality assurance
at the supplier
Annual cost negotiations
Set up, forecasting & ordering
Quality assurance Administration
Internal material handling
logistics, storage, packaging, kittling preparations
Sequencing, material control
Spare parts Engineering
Creating & maintaining
Procurement & purchasing
Warehouse, inventory & scrapping