Inventory+
Summary
TLDRThe video script highlights the importance of having critical spares readily available to minimize downtime in emergencies. It introduces Rockwell Automation's Parts Management Agreement (PMA), which has evolved into an Inventory Plus Service Agreement. This new agreement offers onsite stock, priority replenishment from Rockwell Automation hubs, and a Repair Plus program for both Rockwell and non-Rockwell repairs. The one-year in-service warranty on all agreement stock is emphasized, positioning the agreement as a solution to reduce costs, optimize inventory, and minimize downtime.
Takeaways
- 🛠️ Having critical spares on site is essential for emergency preparedness to avoid costly downtime due to component failures.
- 🔧 Rockwell Automation offers a Parts Management Agreement (PMA) that has evolved into an Inventory Plus Service Agreement.
- 📦 Onsite stock allows for immediate access to a customer's desired bill of materials stored on site for quick replacement of inoperative parts.
- 🔄 The bill of materials can be flexibly updated to reflect changes in the installed base, adding or deleting parts as needed.
- 🏢 Priority replenishment stock is maintained at Rockwell Automation Hub locations to ensure a continuous supply of critical spares.
- 🔄 Rockwell Automation replenishes parts from the priority stock as they are consumed from the onsite stock.
- 🛒 The agreement includes Repair Plus, which covers both Rockwell and non-Rockwell repair needs with an additional repair value beyond the repair span.
- 💰 The program aims to decrease costs, optimize inventory management, and minimize downtime for businesses.
- 🔄 The agreement provides a customer-determined repair spending amount, enhancing flexibility in repair services.
- ⏰ A one-year in-service warranty is offered on all inventory plus agreement stock, ensuring quality and reliability.
- 🤝 For businesses seeking to improve their inventory and spare parts management, speaking with an ES&S account manager or service specialist is recommended to get started with the Inventory Plus Service Agreement.
Q & A
What is the main benefit of having critical spares on site in a plant?
-The main benefit of having critical spares on site is to be prepared for emergencies, reducing downtime and avoiding costly delays when a component fails on a critical machine.
What has the Rockwell Automation Parts Management Agreement recently evolved into?
-The Rockwell Automation Parts Management Agreement has recently evolved into an Inventory Plus Service Agreement.
What are the new features included in the Inventory Plus Service Agreement?
-The new features in the Inventory Plus Service Agreement include onsite stock, priority replenishment stock, and a repair plus customer determined repair spending amount.
What is onsite stock in the context of the Inventory Plus Service Agreement?
-Onsite stock refers to the traditional customer desired bill of materials stored on site for ready access when needed. It allows the customer to immediately replace inoperative parts with spares from the shelf.
How does the priority replenishment stock work?
-Priority replenishment stock involves storing the customer's bill of materials at Rockwell Automation Hub locations to replenish parts consumed from the onsite stock, ensuring that critical spares are always available.
What does the repair plus customer determined repair spending amount cover?
-The repair plus customer determined repair spending amount covers both Rockwell and non-Rockwell repair needs, offering additional repair value beyond the usual repair span.
Is there any warranty offered with the Inventory Plus Agreement stock?
-Yes, there is a one-year in-service warranty offered on all Inventory Plus Agreement stock.
How can the Inventory Plus Service Agreement help reduce costs?
-The Inventory Plus Service Agreement can help reduce costs by optimizing inventory and minimizing downtime through efficient management and replenishment of critical spares.
Who should be contacted to get started with the Inventory Plus Agreement?
-To get started with the Inventory Plus Agreement, you should talk to your ES& account manager or service specialist.
Can the bill of materials for onsite stock be updated?
-Yes, the bill of materials for onsite stock can be updated as the installed base changes, allowing parts to be added or deleted as needed.
Outlines
🛠️ Spare Parts Management for Emergency Preparedness
The paragraph emphasizes the importance of having spare parts readily available to prevent costly downtime in case of machine component failures. It introduces Rockwell Automation's Parts Management Agreement (PMA), which has evolved into an Inventory Plus Service Agreement. This agreement offers onsite stock, allowing customers to maintain a flexible bill of materials for immediate access. It also includes priority replenishment stock stored at Rockwell Automation's hubs, ensuring timely replenishment of used parts. Additionally, the agreement covers repair services for both Rockwell and non-Rockwell equipment, providing a one-year in-service warranty on all stock under the agreement. The paragraph concludes by suggesting that businesses looking to reduce costs, optimize inventory, and minimize downtime should consider this agreement and contact their account manager or service specialist for more information.
Mindmap
Keywords
💡Critical Spares
💡Downtime
💡Rockwell Automation
💡Parts Management Agreement (PMA)
💡Inventory Plus Service Agreement
💡Onsite Stock
💡Priority Replenishment Stock
💡BoM (Bill of Materials)
💡Repair Plus
💡In-Service Warranty
💡Cost Optimization
Highlights
Critical spares on site are essential for emergency preparedness on any plant floor.
Downtime due to lack of availability and extended lead times can be costly when a critical machine component fails.
Rockwell Automation Parts Management Agreement (PMA) has evolved into the Inventory Plus Service Agreement.
The Inventory Plus Service Agreement offers the same benefits as the PMA with additional features.
Onsite stock allows for the traditional customer desired bill of materials to be stored on site for ready access.
Flexible Bo inventory allows for updates as the installed base changes, and parts can be added or deleted as needed.
Priority replenishment stock is stored at Rockwell Automation Hub locations to replenish consumed onsite stock parts.
The Inventory Plus Agreement ensures critical spares are always available by replenishing used parts from the priority stock.
The agreement includes a repair plus customer determined repair spending amount covering both Rockwell and non-Rockwell repair needs.
The program offers additional repair value beyond the repair span in terms of repair buying power.
A one-year in-service warranty is still offered on all Inventory Plus Agreement stock.
The Inventory Plus Agreement helps decrease costs, optimize inventory, and minimize downtime.
The agreement is suitable for those looking to optimize their parts management and maintenance processes.
ES& encourages contacting an account manager or service specialist to get started with the Inventory Plus Agreement.
Rockwell Automation's new features in the Inventory Plus Agreement are designed to enhance emergency preparedness and operational efficiency.
Transcripts
[Music]
on any plant floor having critical
spares on site and ready to use is key
when preparing for emergencies so when a
component fails on a critical machine
and you're not prepared the downtime
from lack of availability and extended
lead times may leave you with some
costly egg on your face at es& we've
always had the solution for you with
Rockwell Automation Parts management
agreement which is recently evolved into
an inventory plus service agreement
offering the same benefits as the PMA
while adding several new features first
is onsite stock which is your
traditional customer desired bill of
materials stored on site for ready
access when you need it as Parts in
production become inoperative simply
take the spare off the shelf and put it
into production this flexible Bo
inventory allows you to update as your
installed base changes you can also add
and delete parts from the B so you
always have only only what you need next
is the priority replenishment stock this
is your onsite B however these are
stored at Rockwell Automation Hub
locations and used to replenish parts to
consume from on-site stock as parts are
used Rockwell Automation will replenish
those parts from the priority
replenishment stock ensuring you always
have the critical spares available and
finally the agreement includes repair
Plus customer determined repair spending
amount covering Rockwell and non-
Rockwell repair needs program offers a
additional repair value beyond the
repair Span in terms of repair buying
power let's not forget that we still
offer the one-year inservice warranty on
all inventory plus agreement stock so if
you're looking for a way to decrease
cost optimize inventory and minimize
downtime then an inventory plus
agreement may be right for you please
talk to your es& account manager or
service specialist today to get
started
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