Parts Management

OpexMx centralizes spare parts data, stock levels, and procurement workflows so technicians always have the right component at the right time.

What it solves

• Prevents stockouts that extend downtime.
• Reduces excess inventory and working capital.
• Provides traceability for serialized and safety-critical parts.

Core capabilities

• Multi-store and bin location tracking with minimum/maximum policies.
• Kitting for planned shutdowns and preventive campaigns.
• Vendor catalogs, lead times, and price histories.
• Reservation of parts against work orders with automatic consumption.
• Cycle counting, adjustments, and audit trails.

Implementation playbook

1. Clean master data. Import part numbers, descriptions, and units of measure.
2. Define stocking policies. Set min/max levels based on usage and lead time.
3. Integrate procurement. Trigger purchase requisitions when stock hits reorder points.
4. Enable reservations. Link parts to upcoming work orders to avoid double allocation.
5. Monitor performance. Use analytics to optimize stocking strategies and vendor performance.

Data captured

• Stock levels by location and lot.
• Consumption history tied to work orders and assets.
• Lead times, pricing trends, and vendor performance metrics.

Best practices

• Classify parts by criticality (A/B/C) to set differentiated policies.
• Use QR or barcode scanning in storerooms to speed up issues and returns.
• Collaborate with finance to reconcile inventory valuation monthly.

KPIs to watch

• Stockout incidents vs. target.
• Inventory turns and carrying cost.
• Parts-related downtime minutes.