SPARE PARTS INVENTORY,MARINE ENGINEERING

SPARE PARTS INVENTORY

WHY SPARE PARTS INVENTORY HAS TO BE KEPT?

                SPARE PARTS INVENTORY HAS TO BE KEPT & MAINTAINED AS PER THE REQUEST OF

1, MAKERS RECOMMENDATION 
2. CLASSIFICATION REQUIREMENTS 
3. OWNERS DECISION

                OF THESE CLASS REQUIREMENTS MUST BE MET WHILE MAKERS AND OWNERS REQUIREMENT WILL BE OVER AND ABOVE THE CLASS REQUIREMENT. AS PER COMPANY POLICY AND EXPERIENCE SOME STORES ARE ALSO REQUIRED TO BE STOCKED ONBOARD AS CONSUMABLES OR REPLACEMENT SPARES AND AS PER COMPANY POLICY AND CLASS REQUIREMENT SOME CRITICAL SPARES ARE TO BE MAINTAINED

ALL SUCH SPARES AND STORE ITEMS MUST BE LISTED AND STORED IN APPROPRIATE PLACE WHICH CAN BE LOCATED EASILY BY THE RECORD IF NECESSARY

INVENTORY CONTROL AND MANAGEMENT IS REQUIRED SO THAT.

1.NO UNNECESSARY STOCKING OF SPARES AND STORES WHICH WOULD ULTIMATELY REMAIN UNUSED AND GO WITH THE VESSEL GOING TO SCRAP YARD

2.NO SITUATION WHEN MOST REQUIREMENT PART IS UNAVAILABLE LEADING TO SLOW DOWN OR STOPPAGE OF THE VESSEL

COST INVOLVED IN PROCUREMENT OR STORAGE

1. ADMINISTRATIVE OR TECHNICAL COST(OFFICE)

2. COST OF SPARE AND CLASSIFICATION IS REQUIRED

3 .COST OF TRANSPORTATION WHICH ALSO INCLUDE

                a) PACKAGING COST

                b) INSURANCE

                c) LAND, AIR SEA FREIGHT

                d) CUSTOM CLEARANCE

                e) STORAGE IN TRANSPORT

4. CAPITAL IS BLOCKED DURING STORAGE ONBOARD

                WHERE SUCH LARGE MONEY IS INVOLVE IN PURCHASE OR STORAGE OF SPARES OR STORES AS WILL AS TO AVOID TOTAL STOPPAGE OR LACK OUT DUE TO NON AVAILABILITY OF IMPORTANT SPARES IT IS AT MOST IMPORTANT TO GIVE DUE CONSIDERATION TO SPARE PART MANAGEMENT AND INVENTORY CONTROL

                SPARE PARTS VARY FROM SMALL PARTS TO WASHERS GASKETS TO COSTLY ITEMS LIKE PISTON, CYLINDER HEAD ETC. IT IS THERE FORE NECESSARY TO MONITOR CONSUMPTION OF PARTS AS WELL AS THE BALANCE ONBOARD

                THE OBJECT OF SPARE PARTS MANAGEMENT IS TO ENSURE THE AVAILABILITY OF SPARES FOR MAINTENANCE AND REPAIRS OF THE SHIP AND MAKING AS WND WHEN REQUIRED AT AN OPTIMUM COST

                AN INVENTORY OF SPARE PARTS SUFFICIENT TO MEET THE NEEDS POSED BY THE SHIP PLANS OF OPERATION IS MAINTAINED ONBOARD ITS CONTENT SHOULD BE DECIDED TAKING IN TO CONSIDERATION  INVENTORY MANAGEMENT IS PRIMARILY ABOUT SPECIFY THE SIZE AND PLACEMENT OF STOCKED GOODS