Gallagher T, Mitchke M D and Rogers M C 2005 Profiting from spare parts. McKinsey Q. 2(Exhibit 2): 1–4. Google Scholar IBM 2014 IBM Second Quarter Earnings Report (2014) Tukker A 2004 Eight types of product–service system: eight ways to sustainability? Experiences from SusProNet. Bus. Strat. Environ. 13(4): 246–260Web
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Please consider the following rules: The identification of spare parts must be as simple as possible. Ordering must be quick and easy – anywhere, anytime. Order processing must be fast, reliable and correct. The better you implement these three rules, the more satisfied your customers will be and the higher the chance that your customers …Web
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Profiting from spare parts. The McKinsey Quaterly. Huiskonen J., 2001. Maintenance spare parts logistics. Special characteristics and strategic choices. International Journal of Production Economics 71 (1-3), S. 125–133. Karsten F., Basten R., 2014. Pooling of spare parts between multiple users. How to share the benefits?Web
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The global metal spare parts market was valued at USD 593.84 Billion in 2022 and is likely reach to USD 852.56 Billion by 2031, expanding at a CAGR of 4.1% during the forecast period 2023-2031. Spare parts are …Web
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Profiting from spare parts Some aftermarket parts businesses lack the resources they need to raise their profitability and fend off low-priced competitors. Others have these resources without knowing it. Tim Gallagher, Mark D. Mitchke, and Matthew C. Rogers The McKinsey Quarterly, Web exclusive, February 2005 The supply of aftermarket parts is ...Web
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The world of spare parts is very different from most of the supply chain in dimensions of time, sourcing, cycle management, planning and sourcing. From a time perspective, many industries have seen their service response times change from a next-business-day model to a same-day model, and from same-day to within hours or minutes. The next ...Web
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5 Tips for more Revenue with Spare Parts and Services #1 Build up a team for the sale of services. The distribution and marketing of spare parts and services are …Web
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Buy High Quality Auto Spare Parts Online. Founded in 1980 in Dubai, UAE, East Auto Spare Parts is the leading supplier of auto spare parts. ... Our company was formed based on very sound principles that aim at profiting the client. Thereby, the end of the matter is to serve our clients with all their needs in the auto spare parts industry ...Web
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Profiting from spare parts. Article. Jan 2005; Tim Gallagher; Mark David. Mitchke; Matthew C Rogers; Some aftermarket parts businesses lack the resources they need to raise their profitability and ...Web
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Findings The paper shows the main challenges in spare parts management by a set of representative durable goods companies, concerning the management methods, the internal and supply chain ...Web
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Posted in Repair Hacks, Xbox Hacks Tagged controller, microsoft, repair guide, spare parts, xbox, xbox one. ... that run on the hardware than profiting off the hardware itself. Especially in this ...Web
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The deployment of AM technologies in spare parts production has the potential to overcome these supply chain-related challenges. This research conceptually investigates the effects of AM in the automotive spare parts business for different supply chain scenarios. As a main contribution of this paper, four scenarios are developed and ...Web
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Abstract. Spare parts are held to reduce the consequences of equipment downtime, playing an important role in achieving the desired equipment availability at a minimum economic cost. In this paper, a framework for OR in spare parts management is presented, based on the product lifecycle process and including the objectives, main …Web
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Here are two places you can look for hidden profit in your spare parts inventory management software. Pricing and the product lifecycle Product lifecycle refers …Web
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bib10 M. Fleischmann, J. Van Nunen, B. Grave, Integrating closed-loop supply chains and spare-parts management at IBM, Interfaces (2003) 44-56. Google Scholar Digital Library; bib11 T. Gallagher, M. Mitchke, M. Rogers, Profiting from spare parts, The McKinsey Quarterly, 2 (2005). Google ScholarWeb
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Kalle Aerikkala March 11, 2019 Your spare parts business can deliver great profitability with margins higher than even a typical product line. This is especially true in an organization …Web
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This book on the fundamentals of financial management is organized to fit the course structure of the majority of undergraduate corporate finance and financial management courses, and concepts are grounded in examples and language familiar to students. Long-term financial decisions are discussed before short-term decisions to emphasize the …Web
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Abstract. Spare parts are necessary for ensuring the functioning of the critical equipment of many companies, and as such, they play a central role in these companies' operations. Inventory control of spare parts is particularly challenging due to the nature of their demand, which is usually slow-moving, erratic and lumpy.Web
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A California highway, a horrific crash and why a cursed car part sold for $382,000. James Dean waves from behind the wheel of his Porsche 550 Spyder "Little Bastard" on Vine Street in Los Angeles ...Web
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The informal sector is good at salvaging older devices for parts and profiting from repairs with them. ... as spare parts for repair. As tariffs for finished products are sometimes lower than they ...Web
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The objective of the study is to point out challenges and opportunities in spare parts management practice in durable goods industries, through a case based research carried out in 10 ...Web
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The present study explored the determinants affecting service quality of solar product dealers. The study is based on primary data, collected from a total of 345 solar pump users from different villages and rural areas of Punjab.Web
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Spare Parts Companies: Strategies for Ensuring Profitability. Among continued supply chain disruption, inflation, and other economic challenges, recent trends point to an increase in demand for B2B spare parts companies in 2023. In this post, we …Web
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OEM parts come from manufacturers that build primary machinery that such parts are needed for. Aftermarket parts come from companies outside those manufacturers. In either case, manufacturers …Web
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An Israeli F-35I takes off from Uvda airbase during Blue Flag 2019. (IAF photo) WASHINGTON — US officials acted quickly in the wake of Hamas's October 7 attack on Israel to provide new F-35 ...Web
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Step 3: Align the key components of a business' spare parts logistics strategy to identified conditions and anticipated future developments. Step 2: Anticipate future developments. A Strategic ...Web
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In industrial contexts the proportion of the stock range that is devoted to spare parts is often considerable (e.g. Vereecke and Verstraeten, 1994) and small improvements in spare parts management may be translated to substantial cost savings (Eaves ... Gallagher T., Mitchke M.D., Rogers M.D., 2005. Profiting from spare parts, The McKinsey ...Web
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The objective of this study was to investigate whether superior service quality and superior transaction-specific customer satisfaction will enhance loyalty (as measured by purchasing intentions ...Web
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Whatever the reason, using a blanket method such as cost-plus for the other 90% of your parts catalog means you're not optimizing your margins—and that unrealized value represents significant profit opportunity. Here are two places you can look for hidden profit in your spare parts inventory management software. Pricing and the product ...Web
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Summary. Reprint: R0605H. Ever since businesses started offering solutions instead of products, they have acknowledged that selling spare parts and after-sales services could be a lucrative source ...Web
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Facing cash shortages, one large industrial-equipment manufacturer took a more nuanced approach to its spare-parts inventory. Over a period of only six months, the company adopted a suite of …Web
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