When smarter procurement means...

bringing simplicity to a complex business environment

How to make spare parts procurement simple and effective

Parts procurement is everything in a business where equipment management is core to operations, as downtime can directly affect a company’s bottom line.

Yet in equipment intensive industries, parts catalogs may be extensive and the supplier base broad, so companies need a simple and effective procurement system for spare parts management.

Effective equipment management

In this chapter of our eBook, we take a closer look at at how smart e-procurement can be used in parts procurement. We examine some of the challenges of sourcing parts for equipment management, and look at how one of our customers - an equipment rental giant - has solved the issue.

Read this chapter to discover:

  • The importance of an excellent online catalog for parts procurement from multiple suppliers
  • How to minimize ‘free text’ orders
  • How ‘explosion view’ drawings can help with parts procurement
  • Why tight integration between procurement, financial and ERP systems means easier parts management