To balance stock needs with repair demands, it's essential to analyze the repair history. By examining past data, it's possible to identify which parts have higher turnover and which failures occur most frequently. This history serves as the foundation for making more accurate forecasts about which items are likely to be in higher demand in the future, helping to better plan inventory and avoid both stockouts and overstocking. Additionally, continuously monitoring failure trends and regularly updating these forecasts are crucial to keep the stock aligned with actual needs, optimizing costs and repair time.

Balancing spare parts inventory with repair demands involves analyzing repair data to forecast needs, classifying parts by criticality, and maintaining optimal stock levels. Strong supplier relationships ensure quick restocking, while predictive maintenance minimizes unexpected demands. auditing inventory regularly, and using inventory management software help avoid overstocking or shortages. This approach reduces costs and ensures repair efficiency.

A few things that could support repair demands: 1. Establish minimum and maximum parts order and stock quantity levels. This should be flexible enough to reflect demand. 2. Monitor / analyse historical parts usage data to identify trends and forecast future usage. Ensure there are accurate delivery and issue records. Some demand is seasonal so look out for them. 3. Periodically engage parts end users for feedback on whether or not their demands are being met quantity and quality-wise. 4. Routinely cycle count parts inventory to track stock on hand and if reorder will be needed. Avoid stock outs. 5. Utilise an ERP or inventory management system/software to simplify or enhance processes.