Q: What is the advantage of Honeywell owning my spare parts stock?A: By Honeywell owning your spare parts, you don’t incur capital expenditures of carrying that inventory, improving your balance sheet.
Q: How do I know that I will have the spare parts when I need them?A: At the outset of your engagement with Honeywell, we work closely with you to define your precise needs. Based on historical trends and failure statistics for all system components, we establish a benchmark for the critical parts we’ll carry at your facility. In the case of non-critical parts, we guarantee the ability to get you the replacements you need within 24 hours.
Q: Are the savings from this program substantial?A: Very. While many plant managers think that the cost of carrying maintenance, repair and operations (MRO) spares averages 25 percent of the inventory’s costs, studies have shown that the cost is typically 35 to 40 percent. Undoubtedly, that’s money your business could put to better use.
Q: Are there ways Honeywell can help increase my savings in maintaining my systems and equipment?A: Yes. By combining Honeywell’s Parts Management program with other our offerings, such as LifeCycle Management or a Solution Enhancement Support Program (SESP), you can multiply the financial rewards you attain. To learn more, contact your Honeywell account manager.