Inventory Management- Enterprise Resource Planning

Abstract

Spare parts stock control management is crucial areas of inventory research. In our research paper, we
consider downstream plant of petroleum are Ethylene, Ethylene Glycol, Polypropylene, polyethylene & utilities located at
same location of unit. E.g.: Reliance Industries in India & SABIC affiliates at Saudi Arabia. Cost economics policy for
spare parts stock level control is based on companywide spare parts interchangeability of identical spare parts among
equipment. It requires a dedicated review through sectional drawings for interchangeability maintenance history
especially for rotary equipment. Study indicates current practice for spare parts stock levels are normally based on
equipment in the individual plant. However, interchangeability of spare parts may exist equipment among plants. This
work presents an approach of companywide technique for spare parts stock levels control. The Methodology is based on
descriptive study of technical aspect of interchangeability of spare parts of equipment among plants.