For the wide range of businesses that deal with physical plants, heavy machinery or any equipment that consumes maintenance materials, spare parts management ought to be a major consideration. Spare parts management drives efficiency and creates savings for companies, whether they’re regularly dealing with large, high-value assets, a range of smaller machines and systems or a mix of both. A spare parts inventory level below the right level means otherwise-avoidable instances of downtime become regular drags on productivity and revenue. Readily accessible spare parts are better able to be put to use quickly and effectively fostering improved equipment uptime. An effective spare parts management and planning system allows businesses to reduce their inventory – freeing up capital – while still maintaining high levels of service and accessibility.