Spare Parts & Inventory Optimization

What it is

Determine which spares to hold, where to hold them, and in what quantity.

Why it matters

To avoid long outages caused by missing parts — without overstocking inventory and tying up working capital.

Benefits

• Lower working capital tied up in inventory
• Stronger maintenance readiness for critical events
• Defensible holding decisions tied to asset risk

When to engage

When inventory cost is high, stockouts are causing outage extensions, or spare strategy has not been formally assessed.

How Perennial Innovation delivers

PI assesses critical spares, designs stocking policies, and quantifies the risk-cost tradeoff for each holding decision.