Spare parts classification and demand forecasting for stock control: Investigating the gap between research and practice

Spare parts classification and demand forecasting for stock control: Investigating the gap... This paper investigates the gap between research and practice in spare parts management, with specific reference to durable goods addressed to private or professional customers. The paper provides a critical literature review of theoretical contributions about spare parts classification and demand forecasting for stock control. The discussion of ten case studies, then, allows to analyze the reasons for this gap, by addressing the limitations of models developed in literature, the role of contextual factors and the maturity in companies' spare parts management practices. Four main directions for research are proposed in order to bridge the gap, namely: to develop integrated approaches to spare parts management; to define contingency-based managerial guidelines, to favor the knowledge accumulation process in companies, and to supplement theoretical models with practical relevance. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Omega Elsevier

Spare parts classification and demand forecasting for stock control: Investigating the gap between research and practice

Omega, Volume 40 (6) – Dec 1, 2012

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Publisher
Elsevier
Copyright
Copyright © 2011 Elsevier Ltd
ISSN
0305-0483
eISSN
1873-5274
DOI
10.1016/j.omega.2011.06.008
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the gap between research and practice in spare parts management, with specific reference to durable goods addressed to private or professional customers. The paper provides a critical literature review of theoretical contributions about spare parts classification and demand forecasting for stock control. The discussion of ten case studies, then, allows to analyze the reasons for this gap, by addressing the limitations of models developed in literature, the role of contextual factors and the maturity in companies' spare parts management practices. Four main directions for research are proposed in order to bridge the gap, namely: to develop integrated approaches to spare parts management; to define contingency-based managerial guidelines, to favor the knowledge accumulation process in companies, and to supplement theoretical models with practical relevance.

Journal

OmegaElsevier

Published: Dec 1, 2012

References

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