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PIP REEE005 (R2013)
- Spare Parts Management Guidelines
- standard by Process Industry Practices, 03/01/2007
- Publisher: PIP
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This Practice provides an objective, methodical process for identifying spare parts needed for life cycle support of rotating equipment.The intended users of this Practice are:a.Persons who evaluate the need and develop recommendations for the acquisition of equipment partsb. Business and/or project managers who have the authority and accountability for purchasing partsThis Practice describes the key factors used in identifying spare parts requirements and quantities for rotating equipment. This Practice provides guidelines for identifying needed spare parts, recognizing parts interchangeability opportunities, identifying startup and maintenance parts, establishing locations and levels of parts stocking. This Practice applies to new construction, expansion, or revamp projects; maintenance; and stocking of rotating equipment parts inventory.The Appendix provides data worksheets for Task Definition, Risk Assessment, and Final Parts Stocking Levels.Comment: Spare part acquisition at the time of equipment purchase typically results in lower overall pricing.
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