Revisiting the critical spare parts strategy in order to build a framework to optimizing maintenance cost

Revisiting the critical spare parts strategy in order to build a framework to optimizing maintenance cost
pages and achieve three goals.
1- Shows the methodology in doing this thesis
2- The process steps or stages in doing this thesis
3- Formality the framework in order to assist or evaluate this thesis after finishing it
And the proposal need to have
a- Introduction that shows the importance of the subject and any earlier study
b- Summaries about the subject and the point that gaining to cover : the problem , questions, purpose and hypothesis
c- Explain the methodology
Some idea to start with:
In the current oil prices the oil and gas companies are looking for any opportunity of optimize their operation costs and one of this is to revise the spare parts
strategy and look for ways to reduce any cost associated with keeping current spare stack level.
My approach and the problem that I am going to study is in our company we have different category of equipment and they are classified by criticality. In our system we
consider all spare parts for critical equipment as critical spare parts. However, not all the spare of critical equipment are critical. I will start by studding the
critical spares and building a tools to identify those spares.
I am doing something similar to the below “ see the below abstract “

Abstract
Internal spare parts management is a universal issue faced by all manufacturers,
and involves decision-making and planning across a highly complex and heterogeneous
group of thousands of items. Spare parts exhibit intermittent demand and a variety of
prices, lead times, and potential downtime costs that pose challenges for planning and
control. Managers can facilitate spare parts decision-making through the utilization of
classification methods to prioritize critical parts and forecasting tools to better establish
inventory policies. This thesis explores a classification method to evaluate the criticality
of spare parts using the Analytic Hierarchy Process and applies bootstrapping forecast
techniques to better inform safety stock levels. A joint classification and forecasting
model is developed and validated for use by supply chain and maintenance teams in the
organization. Through improved safety stock settings, an inventory savings of up to
39% is identified while maintaining or increasing service levels for critical spare parts.
For most manufacturing companies, the approaches and findings discussed in this thesis
are applicable and can be used to aid efforts in establishing a systematic approach to
internal spare parts.

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