December 2020

Special Focus: Plant Design, Engineering and Construction

Manage project spares efficiently with these best practices

Managing project spares is a very challenging task—one that is very different from managing a large warehouse.

Iyer, K. R., M/s Indorama India Private Ltd.

Managing project spares is a very challenging task—one that is very different from managing a large warehouse. A company might be managing its material warehouse efficiently, yet fail miserably at handling project spares. While setting up a new grassroot project or an expansion project, companies will be ordering thousands of spare parts comprising capital, commissioning and two-year operational spares (TYOSP), in addition to project materials such as capital equipment, pipes and fittings, cables, structural support, light fixtures, etc. To manage all project materials, project stores are maintained at construction sites by engineering, procurement and construction (EPC) contractors, while

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