Week 3 Writing Assignment
Morris E. Shepherd Jr.
Week 3 Writing Assignment
Craig Magee
01/28/12
Discuss the importance of considering the level of protection desired (safety factor) when determining spare part quantities.
Spare-part quantity determination is a function of a probability of having a spare part available when required, the reliability of the item in question, the quantity of items used in the system, and so on. In laments terms, the process of determining the necessity of spare parts relies on a variety of different things. One factor is the reliability of the actual item in question. By finding out the reliability of an item this helps to factor in if a very many spare parts are needed for repair in case the item goes down for maintenance. For example; keeping spare parts around for repair of a reliable vehicle let’s say for instance a Chevrolet pickup truck would not be economical because first of all you would probably not need them very often as well as inventory would build up taking up room for parts that would sell more often. On another note having an unreliable vehicle or “lemon” this would prove to be valuable for the seller of the spare repair parts. This would help out the company that would be providing the actual repair parts because they would be constantly in business and selling repair parts. On the other hand though the actual vehicle that needs these spare parts you would have to ask yourself this question: “Is it more economical to keep shuffling money into this vehicle for spare parts of to just replace it altogether for a more reliable vehicle?”
Another factor to bring into the picture is to consider the overall safety of the product. Looking at the overall bigger picture exactly how safe would it be to keep an unreliable product in rotation? You have the repair parts to fix the problem and hand, but in the long run is this economical if you are not the one selling the repair parts? The answer to this is obvious so
Week 3 Writing Assignment
Craig Magee
01/28/12
Discuss the importance of considering the level of protection desired (safety factor) when determining spare part quantities.
Spare-part quantity determination is a function of a probability of having a spare part available when required, the reliability of the item in question, the quantity of items used in the system, and so on. In laments terms, the process of determining the necessity of spare parts relies on a variety of different things. One factor is the reliability of the actual item in question. By finding out the reliability of an item this helps to factor in if a very many spare parts are needed for repair in case the item goes down for maintenance. For example; keeping spare parts around for repair of a reliable vehicle let’s say for instance a Chevrolet pickup truck would not be economical because first of all you would probably not need them very often as well as inventory would build up taking up room for parts that would sell more often. On another note having an unreliable vehicle or “lemon” this would prove to be valuable for the seller of the spare repair parts. This would help out the company that would be providing the actual repair parts because they would be constantly in business and selling repair parts. On the other hand though the actual vehicle that needs these spare parts you would have to ask yourself this question: “Is it more economical to keep shuffling money into this vehicle for spare parts of to just replace it altogether for a more reliable vehicle?”
Another factor to bring into the picture is to consider the overall safety of the product. Looking at the overall bigger picture exactly how safe would it be to keep an unreliable product in rotation? You have the repair parts to fix the problem and hand, but in the long run is this economical if you are not the one selling the repair parts? The answer to this is obvious so