Organisations either keep spares for their own use, or‐for‐sale to other organisations. In either case, the ultimate need is to be able to replace worn or defective parts in operational machinery or equipment. In an economic sense, spares are kept to meet the needs of the situation in the cheapest way.
Lawrenson, J. (1986), "Effective Spares Management", International Journal of Physical Distribution & Materials Management, Vol. 16 No. 5, pp. 3-111. https://doi.org/10.1108/eb014636
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