- Title
- Needs analysis for a shared economy model within critical spare parts inventory management
- Creator
- Macfarlane, Shane
- Subject
- Spare parts -- Management
- Subject
- Inventory control
- Date Issued
- 2020
- Date
- 2020
- Type
- Thesis
- Type
- Masters
- Type
- MBA
- Identifier
- http://hdl.handle.net/10948/48775
- Identifier
- vital:41071
- Description
- The lack of spare parts is the predominant reason for machine downtime in organisations. The financial burden of holding spare parts coupled with long delivery times can severely hamper a factory’s attempt to prevent high levels of machine downtime. With the poor management of spare parts, breakdowns become lengthy as the lead times for the delivery of spare parts from an original equipment manufacturer (OEM) may be very long. The productivity and profitability of an organisation are affected by the non-availability of spare parts. Mobley, Higgins and Wikoff (2008, p.2.64) describe critical spare parts (CSP) as spares used on critical machines that are always required to be in stock to receive reduced insurance premiums and hedge against lost production downtime due to machine failures. A shared economy model (SEM) was proposed as a possible solution to some of the problems related to spare parts availability. Botsman and Rogers (2010a) regard the shared economy as the innovative sharing of underutilised assets and facilities. The main research objective (ROM) of this study was to determine the viability and acceptance of using a shared economy model (SEM) within the realm of critical spare parts (CSP) management in the automotive manufacturing sector. To achieve the ROM several secondary objectives were set. A literature review discussed CSP, inventory management models and SEMs. This study used qualitative analysis as it was exploratory and appropriate for studies in which the researcher was unaware of the significant variables to investigate. Qualitative researchers tend to focus on a few participants who can clarify a phenomenon under investigation. To achieve the main research objective (ROM), interviews were conducted with relevant participants from the automotive manufacturing sector. The interviews were semi-structured and the researcher made use of an interview protocol. A sample size of eight was chosen for the research. The sample frame for this research was the East London automotive manufacturing sector. The sessions were audio-recorded and later transcribed verbatim into a text format for analysis via ATLAS.ti software. A grounded theory approach was used for the collection and analysis of the data. Empirical research and analysis revealed eight emergent themes pertinent to the ROM. Themes were categorised as Category 1 for critical spare parts (CSP) and Category for 2 for shared economy models (SEMs), and discussed in Chapter 4. The study concluded with the view that a shared economy model (SEM) for critical spare parts (CSP) inventory management in the East London automotive manufacturing sector was viable and acceptable, provided that it was managed correctly. Future research was suggested to address the economic feasibility of a SEM for CSP inventory management.
- Format
- xii, 189 leaves
- Format
- Publisher
- Nelson Mandela Metropolitan University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela Metropolitan University
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | MacFarlane, SD 218204663 Treatise April 2020.pdf | 3 MB | Adobe Acrobat PDF | View Details Download |