Smart Inventory Recommendations
The second system uses the forecast demand for each spare part generated by the previous subsystem defect occurrence forecast. It applies the (S-1, S) inventory strategy to provide the main function to help department managers choose the appropriate spare parts inventory management strategy.
The two subtasks involved in developing the spare parts holding analysis method are: (1) checking whether the current spare parts holdings are sufficient to support failure recovery within a specified time, based on the results of the prediction of the occurrence of defects, and (2) recommending that if insufficient, then the number of spare parts needs to be supplemented.Â