The Important Role of an Equipment Bill of Material

The 2nd in a series on Integrated Inventory Management

By Doug Wallace, APICS, of Life Cycle Engineering

The principal purpose of the Materials Management organization is to provide the “right parts in the right quantities at the right time.” But where do those material requirements come from? Whether demand is predictable or unpredictable, whether the materials are for production or maintenance, the requirements are usually generated from a Bill of Material (BOM). Without a complete and accurate BOM, decisions regarding material planning and replenishment are often made in an information vacuum, resulting in excess inventory levels, stockouts, significant expediting charges and expensive downtime read more…

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