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Without any demand history, spare parts planning for new product introductions has always been a difficult task. Given the importance of spare parts in today's business world, to maintain high uptime and lower time to repair, the program team typically overstocks at new product launch, and after they move on the service team is stuck with "trapped inventory". As the installed base grows, demands become predictable and steady and the supply chain experiences a "purple patch" with almost everything going right with the parts supply. Then comes end of production and start of end of service life phase when other challenges begin to crop up. Weibull Distribution shows a completely different set of parts now begins to fail and technical obsolescence issues start to crop up. Last Time Buy becomes the buzz word. During this session, you will hear how different techniques have been applied at BD Life Sciences and those that are available in general to optimize spares planning with specific emphasis on Pilot Phase and End of Life Phase. Topics will include: strategies that can be adopted during Pilot Phase, developing a replacement product strategy for used parts, blunting competition from 3rd party service providers during end of life phase and other End of Life strategies.
Global Service Supply Chain Manager, BD Life Sciences
Publish Date: January 24, 2019
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