Inventory Optimization for Spare Service Parts

Improve service parts optimization for faster service

Accurate and scalable service parts identification can greatly improve your responsiveness to issues—and your inventory management. Ensure the right parts are in the right place at the right time by automating parts requisition to improve first-time fix rate and decrease unscheduled downtime. Our customers achieve:

Up to

25%

Inventory reduction

Up to

92%

First time fix rate

Up to

30%

Less unscheduled downtime

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Advanced and multi-echelon inventory optimization made effortless

Quickly identify optimal service parts stocking levels across all echelons and have confidence in their availability to deliver faster, more cost-effective service.

Time spent procuring parts can waste truck rolls and delay repairs—and if replacements are out of stock, skilled technicians are powerless to help customers resolve costly downtime. Improve parts planner efficiency and productivity by employing solutions that automatically make service parts requisitions based on rules, policies, and constraints—freeing up your parts planners for value-add activities. Empower your technicians to rapidly complete service procedures and ensure your service parts inventories are optimized according to your cost and demand goals.

Ensure the most efficient service performance possible at the lowest cost by:

planning across multiple levels, locations, and parts to achieve the lowest-possible inventory for a target service level
optimizing the entire distribution network to benefit all subordinate locations without compromising their ability to meet demand
providing extensive capabilities to optimize a service strategy differentiated by products, geography, customers, and part characteristics
combining service level targets with new buy budget and investment targets to generate optimal stocking plans
ensuring configurable threshold base reviews and acceptance of inventory plans

Automated Inventory Optimization

Multi-Echelon Inventory Optimization

Integrate disparate systems

Automated Inventory Optimization

Balance cost and availability and ensure your service parts inventory matches service demand by optimizing your service part inventory with Servigistics’ rules-based automation.

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Multi-Echelon Inventory Optimization

Understand the costs, demand, and most effective combined lead times of parts to determine where to invest the next piece of inventory in the network. The marginal analysis approach of multi-echelon inventory optimization enables you to achieve target network fill rates while ensuring the correct mix of parts, reducing inventory costs up to 30% while increasing service levels. See how Metso improved inventory turns by 18% and reduced costs by EUR 41.6 million.

Read Metso's Story

Integrate disparate systems

Take control of sourcing and servicing mission-critical parts. Pratt & Whitney achieved a 10% reduction in inventory and a 10% increase in service parts fill rate by upgrading to Servigistics to gain consistency in their service parts planning after merging two business units.

Read Their Story

Maximize Inventory Optimization for Service Parts

Improve service parts optimization for faster service

Advanced and multi-echelon inventory optimization made effortless

Automated Inventory Optimization

Multi-Echelon Inventory Optimization

Integrate disparate systems

Automated Inventory Optimization

Multi-Echelon Inventory Optimization

Integrate disparate systems

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