Spare parts management improvement, by Anela Velagic (with KLM Equipment Services)
June 7, 2013
In this project a structured approach for spare parts management at KLM Equipment Services has been developed. First, a classification scheme with respect to demand forecasting is proposed and evaluated. Next, different time-series forecasting methods are initialized and compared in order to find the most appropriate method for the underlying demand pattern within a particular class. Subsequently, a classification scheme with respect to inventory control is proposed and evaluated. Special attention has been paid to the criticality analysis. Finally, this project has analyzed how to improve the logistics outsourcing relationship and scope between KLM Equipment Services and Sage Parts.