Often when companies upgrade an existing plant, expand facilities or build new “green field” sites, the new equipment comes with a spare parts package.

Any spare part will inevitably become obsolete.

It doesn’t really matter which part of your business you work in — there will be a system for addressing the key things that need to be done.

When it comes to the management of spare parts used for maintenance and operations support, the procurement team is often treated as an outsider, a service provider, rather than a partner in ensuring the objective of maintaining operational capacity is achieved.