DEMAND FORECASTING FOR SPARE PARTS – A PERSPECTIVE FROM THE MARINE PORT INDUSTRY

Shao Hung Goh; Wei Yee Chan

Proceedings of ICLT 2016

DEMAND FORECASTING FOR SPARE PARTS – A PERSPECTIVE FROM THE MARINE PORT INDUSTRY

Shao Hung Goh; Wei Yee Chan

SIM University, School of Business, Singapore; SIM University, School of Business, Singapore

International Conference on Logistics & Transport 2016, Singapore, pp. 54-62

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Abstract

Spare parts (also known as service parts) are those parts that are used in the course of production of goods or services, such as during maintenance of equipment, but they are not constituents of the intermediate or final product. Service parts can be divided into two categories: Repairables (which in case of failure, are swapped with new parts and sent to a repair centre) and consumables (which are not technically or economically repairable) (Botter and Fortuin, 2000).

Keywords

logistics; supply chain; Singapore

Citation

Shao Hung Goh; Wei Yee Chan (2016). DEMAND FORECASTING FOR SPARE PARTS – A PERSPECTIVE FROM THE MARINE PORT INDUSTRY. Proceedings of the International Conference on Logistics & Transport (ICLT 2016), Singapore, pp. 54-62.