Reducing Overall Maintenance Costs with Replacement Part Planning

May 10, 2019 Fork Truck Free Info 255 Views

Preventive maintenance is a key strategy to keeping manufacturing plant’s assets healthy. While equipment upkeep and parts replacements are necessary, Topper Industrial is committed to help customers find ways to reduce their preventive maintenance costs without decreasing a facility’s operational efficiencies.

Matt Parenteau, VP of Sales at Topper industrial, suggests that when first purchasing equipment, the user is to be sure to review their anticipated preventive maintenance plans. It is important to validate whether the suggested preventive maintenance is needed. If so, it is importantant to create a schedule (company standard) to follow immediately. Companies using inferior products, for example are just working to upsell their bottom-line and may induce equipment failure by not considering cost with value.

There is a careful balance between appropriate and excessive replacement parts purchased. If the metric to follow increases the efficiency and overall uptime of the system, then avoidance of downtime is most critical. A preventive maintenance strategy and continually reviewing that strategy based on the equipment needs is critical.

Preventive maintenance should be scheduled guided by material flow and specific production schedule requirements. Manufacturers’ processing plants can take assets out of service at an efficient time maximizing up time and minimizing downtime.

Manufacturing companies with fluctuating sales are under pressure to manage costs. Maintenance is a huge expense item on a plant’s P&L statement. Since most plant managers are required to work on an effective end-to-end strategy starting from the drawing board, Topper’s maintenance plan allows clients to follow some key initiatives to improve efficiency and build a more robust maintenance program.

Apart from simply determining the order quantity of spare parts, plant managers run various scenarios influenced by lead times, service levels, and inventory carrying costs.

Topper helps to guide fixed ordering rules for maintenance and repair inventory parts. Parenteau suggests that inventory should be continuously analyzed to adjust the safety stock levels, re-order point, and order quantity. Like demand forecasting strategies that are commonly aligned with sales data, manufacturing plants can realize significant savings by implementing automated demand forecasting tools for inventory spare parts.

Leveraging the Topper Industrial Spare Parts Program

Topper offers a strategic program to customers delivering substantial savings by lowering the total cost of ownership. Topper provides parts and services at competitive rates, offers volume-based incentives, delivers working capital benefit through extended (leasing) payment terms, and assists in quantifying productivity savings initiatives.

About Topper Industrial

For more than twenty years, Topper Industrial, (www.TopperIndustrial.com) based just outside of Milwaukee, WI, has been a leader in the material handling equipment industry. The company’s product roster features industrial carts, conveyors, lifts, lifts & tilts, shipping racks, containers, casters, and cart components. From mother-daughter carts to quad steer carts to tilt carts and rotate carts, Topper’s material handling solutions make delivering material line side more effective through more efficient practices. Topper Industrial has a team of experienced professional experts able to assess and provide the right product for all material handling equipment requirements.

Topper Industrial is a proud member of MHI. The Topper Industrial client roster includes Anderson Windows, Detroit Diesel, Honda, Kia Motors, Ford, Chrysler, Aramark, Johnson Controls, Whirlpool, and Caterpillar. Follow on Twitter @TopperInd. Call 800-529-0909.

Media Contact: Jillian Burrow / pr@topperindustrial.com / 1-800-529-0909

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