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Spare Parts Forecasting and Management

Chapter
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Part of the Springer Series in Reliability Engineering book series (RELIABILITY)

Abstract

Even without considering crashes and other damage during its life, a car needs parts such as its engine oil, tires, and brake pads to be replaced or changed. Similarly, production systems have the same need for spare parts. Although a very relevant topic, spare parts management has rarely been studied. How many spare parts are there in the local warehouse of the company? How can future demand be forecast? This chapter deals with these questions, and presents several methodologies to support decision making on this theme.

Keywords

Forecast Error Mean Absolute Percentage Error Spare Part Forecast Method Exponential Weighted Moving Average 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London Limited 2010

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