SMS: Spares Management Software
CIM Magazine article (March/April 2013) — "Spare necessities:
Parts stocking software saves Teck millions"
by Herb Mathisen
MANAGING RISK: A SPARES OPTIMIZATION TOOL CALLED SMS
Developed in collaboration with organizations who are members of a consortium supporting applied research at the University of Toronto into Evidence-Based Asset Management such as Utilities,
Military, Airports, Mining and Process Industries.
CRITERIA FOR DECISION MAKING
1. Instant reliability (Maintainer)
2. Interval reliability (Stores)
3. Cost minimization (Finance)
4. (Process) Availability (Plant Manager)