Linking the spare parts management with the total costs of ownership: An agenda for future research
Abstract: This manuscript
explores the link between Spare Parts Management and Total Costs of Ownership
or Life Cycle Costs (LCC).
Design/methodology/approach: First, this work enumerates the different
managerial decisions instances in spare parts management that are present
during the life cycle of a physical asset. Second, we analyse how those
decision instances could affect the TCO of a physical asset (from the economic
point of view). Finally, we propose a conceptual framework for incorporating
the spare parts management into a TCO model.
Findings: The recent literature lacks discussions on the integration of
spare parts management with the Total Costs of Ownership (TCO). Based in an extensive
literature revision we can declare that the computation of costs related to
spare parts management has been neglected by TCO models.
Originality/value: The contribution of this paper is twofold. First, a
literature review and identification of a series of spare parts management
decision instances and its relationship with TCOs is presented in this paper.
Second, a conceptual framework is suggested for linking those decisions
instances to a total cost of ownership perspective. Some research questions and
future research challenges are presented at the end of this work.
Author: Orlando Duran, Irene
Roda, Marco Macchi
Journal Code: jptindustrigg160052
