Spare Parts Management is the process of managing the inventory of spare parts and components used in maintenance operations and repairs. It involves the identification, procurement, storage, and distribution of spare parts and components to ensure that they are available when needed. Spare Parts Management also includes tracking and monitoring the usage of spare parts, as well as forecasting future needs and maintaining an optimal level of inventory. It is an important part of Maintenance Operations and Management, as it helps ensure that the necessary parts are available when needed, reducing downtime and increasing efficiency.
