Dispelling the Obsolete Part Myth
When is a part obsolete? There are a few myths surrounding obsolete parts:
Myth#1: A part that has not been used in X amount of years. The X of amount of years is defined by an accounting procedure or a mandate to reduce the inventory value.
Let’s dispel this myth with an example- an agitator transmission has been in the storeroom for 10 years but production still uses the agitator. This is not an obsolete part.
Myth #2- An obsolete part is one that is in complete deterioration and cannot execute its function. This not an obsolete part but rather a damaged part.
IDCON defines an Obsolete Spare Part(s) as:
- No longer used on any equipment in the plant
- Used on non-critical/operate to breakdown (OTB) equipment
Obsolete parts should never be mistaken with very slow or non-moving parts. Best practice for these parts are to review the inventory levels; re-order point in addition to taking into consideration the vendor lead time.
Want to learn more about what to stock or not stock, how to get the most from your master data? Join us for our next Materials and Spare Parts Management course. Need help implementing better practices for your storeroom or need assistance with criticality? Contact Us