Inventory management is the supervision of non-capitalized assets, or inventory, and stock items. Inventory management refers to the process of ordering, storing, and using a company inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items.

CDMS would perform the material criticality or Inventory Analysis in order to determine the criticality, consumption value, consumption rate, stock value, lead time, price of the single unit the frequency with which it is used by the plants during the production process.

Inventory management is the ongoing process of moving parts and products into and out of a company’s location(s). Companies manage their inventory on a daily basis as they place new orders for products and ship orders out to customers. It’s important that business leaders gain a firm grasp of everything involved in the inventory management process. That way, they can figure out creative ways to solve inventory management challenges by finding the right solutions.

This module allows the users to easily view inventory movement, usage and trends. Users can analyze inventory sales over a specified time frame and make decisions on how to best adjust item resource planning values based on sales averages and months availability.

The process of understanding the moving parts & products combined with the knowledge of the demand for stock/product. It is the technique to determine the optimum level of inventory for a firm.

Looking for master data cleansing for Material Master, Service Master and Vendor Master.

Cataloguing and classification is simply a way of organizing library materials in such a way that the retrieval will not be difficult for library users. Therefore, there is a strong need to organize library collections for easy access for users because if the collections are not organized the collections will be useless.

Master Data Cataloguing is the process of structuring and standardizing how the data will be managed. This includes the use of a technical dictionary to provide rules-based classification templates and data requirements. Cataloguing also provides a method of standardization for abbreviations, a short description and purchase order description generation.

We adopt a Logical and Auto coding to classify components by following international systems such as MESC & UNSPSC.

Structured cataloguing is the generation of item descriptions in a pre-determined format. It involves the concept of Class/Sub-Class, which is on the upfront in Materials Cataloguing. A format/template is created for each Clan/Sub-class with required Characteristic, similar to a specification sheet with values yet to be filled.

Asset management refers to the systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles.

An asset register is a list of the assets owned by a business. It contains pertinent details about each fixed asset to track their value and physical location. The register shows the quantity and value of things like office equipment, motor vehicles, furniture, computers, communications systems and equipment.

An asset hierarchy is a way to organize all the machines, equipment and individual components owned by a company in one or more locations. The top-down structure allows maintenance professionals to understand the relationship among assets using “parent-child” logic

The equipment master is a repository of the standard information related to a specific piece of equipment. To manage equipment inventory, costs, warranties, billing, maintenance, and so on, must create an equipment master for every piece of equipment in the system.

A bill of materials is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product.

The primary objective to have a Spare Parts Interchangeability Record (SPIR), is to support organizations on the inventory level needed. Typically, where one item can be used across multiple assets or equipment

Reliability centred maintenance (RCM) is a Industries -level maintenance strategy that is implemented to optimize the maintenance program. The final result of an RCM program is the implementation of a specific maintenance strategy on each of the assets based on the analysis of system functions, consequences and failure modes effect of process assemblies or components.

Risk-based inspection is the process of developing a scheme of inspection based on knowledge of the risk of failure. The essential process is risk analysis. This is the combination of an assessment of the likelihood (probability) of failure due to flaws damage, deterioration or degradation with an assessment of the consequences of such failure.

As per API 580/581, process applicable to Static equipment, Piping and Pressure relief devices.

Risk = Pof X Cof.

Plant maintenance is defined as a set of activities that are necessary to keep machinery, parts & types of equipment in good operating conditions to avoid production stoppage and loss.