“What quantity of each part should we hold and where should we hold it to maximise the fill rates to our operation for the minimum investment?

What we do

With the help of Armac Systems, companies with a substantial investment in spares inventory can significantly reduce their investment while dramatically increasing their fill rates.

Our proprietary analytical process imports easy-to-obtain spares transactional data and parameters specified by your inventory planner and conducts complex and computer-intensive analyses to optimise spares and thereby allow companies to re-allocate existing spares investment This results in maximum fill rates whilst minimising capital investment.

The Problem

Spares provisioning is an extremely complex process. Unlike direct materials, typically controlled by MRP or Order Point systems, 80 to 90 per cent of spares provisioning is sporadic, and therefore difficult to manage.

Enterprise resource planning systems (ERPs), Computerized Maintenance Management systems (CMMS) and Enterprise Asset Management systems (EAM) do not support spares provisioning.

The uniquely complex parameters associated with spares provisioning include part-criticality (i.e. the operational impact), multi-location environment, multiple fleet/production lines and budget. The complex relationship between these parameters and the exponential relationship between holding quantities and fill rates/service levels results in a problem with many millions of variables.

Without sophisticated, dedicated tools the spares planner is faced with the impossible task of provisioning for spares in this complex environment, resulting in:
   

The Benefits of RIOsys

Armac Systems’ RIOsys spares provisioning tool is the ideal solution for this complex problem and has delivered proven value for many companies in different sectors. RIOsys can save companies millions; both in investment reduction and improved operational efficiency through improved availability of spares.

The benefits delivered include:

These benefits are achieved by:

These benefits and savings are achieved without any additional capital expenditure as the existing investment is leveraged.

The return on investment is immediate.

Success Stories

RIOsys was developed in collaboration with SR Technics, the largest independent provider of aircraft maintenance in Europe, who use the solution to optimally provision an aircraft spares inventory worth in excess of $500 million.

The RIOsys system is strongly endorsed by our launch customer, SR Technics

"... the system is superior to industry practice and will result in savings …there is strong market potential for the inventory optimisation product..."
Les Lacey
VP Material Solutions
SR Technics (Ireland)