The safety factor is a major element while considering the quantity of spare parts required at some point. While choosing the kind of stock to sustain for construction as well as maintenance of some structures it is worthwhile to be considerate of various factors such as the safety factor. Since stock needs to be maintained with a reasonable volume of the required elements the safety factor can never be ignored. The original strength or reliability of a structure must be maintained and it is usually based on availability of reliable stock. However, there are massive merits of considering the level of protection for spare parts quantities.
The first merit that comes with proper consideration of spare parts quantities is proper maintenance of the original structure. It would erroneous to have a structure being fitted with the wrong form of spare parts. All parts should be in a position to match various elements that were originally found in the original structure. Use of spare parts without consideration of the safety factor would mean an exclusive problem of confusion on the extent of maintenance that the spare parts would offer in case a problem arises in the process of maintenance (Davies, 1957).
The second significance of considering the safety factor, while determining spare parts quantities is to avoid stocking outdated materials. In the modern world, there are massive changes that are being witnessed from time to time. This means that if an individual is not keen of the kind of elements that he or she would wish to maintain there are high chances that he or she will stock outdated spare parts. This will expose the individual to massive losses since there will be no point at which the spare parts will be used (Elishakoff, 2004). If a use for the new set of spare parts arises, it may be extremely difficult for the materials to fetch their original prices since the buyer might have already realized that the seller is desperate and he may choose to sell the product at a throw away price.
Also, markets are usually filled with counterfeit products, which are not safe for use as spare parts. At some point, business people fail to recognize the reliability of the materials that they wish to buy. They are usually driven by the profit margin that may result from using these spare parts. Being inconsiderate of the risk that may go with buying such products and storing them as stock would help the individual avoid the challenges of selling low standard spare parts (Davies, 1957). The individual should be considerate of the safety of his or her stock by ensuring that the products stored as stock are from the original manufacturer. They must be fully compatible with the structures in which they are to be fitted.
It is also wise to consider that businesses are usually maintained by the loyalty of customers. Customer loyalty is usually built with the extension of positive services to the customers. This means that every business has to be considerate of the kind of services that it exposes to its citizens. This is mainly achieved through the willingness of the business individual to maintain proper ties with the customers. Whenever a customer’s machine breaks down, he or she should be in a position to access the spare part required immediately (Young, 1972). Therefore, the client should be in a position to access the required spare parts on time. In most cases, a loyal customer will rush to the shop where he or she had purchased the machine. This is because he or she believes that in the shop there will be original spare parts (Davies, 1957). It would be an extremely devastating moment if the business man had stocked poor spare parts without considering the safety factor. If he or she sells the poor quality spare part to the customer, the trust that the customer had over the business man immediately drains away.
The other significance of considering the safety factor, while determining stock quantities is paying attention to the durability of the machine that is being repaired with a new spare part. The need of purchasing spare parts for a machine or any structure is enhanced by the ability to access high quality spare parts. The spare parts that one would be looking for must be durable as the original machine or structure. In most cases, the individuals looking for spare parts are considerate of the safety factor. They always look forward to a set of spare parts that will not frustrate them in the continuous process of the original machine (Elishakoff, 2004). Therefore, it will be extensive loss for the business man who does not consider the safety factor of the spare parts that he or she stocks.
Also, machines and structures are usually built to make work easier. They perform best if all factors that would influence the performance of the machine are taken seriously. Machines are known to make work easier if they are efficient. The efficiency of the machine is maintained through proper performance of the machines in terms of high quality spare parts in case of a breakdown (Young, 1972). At this point, machines must be in a position to perform accordingly. However, the situation may not be this way for a long time. Downfalls are likely to be experienced if the individual does not consider the security factor that goes with the spare parts. The failure of one part to function accordingly is a representation of the failure of the entire machine (Davies, 1957). Efficiency sustains the reliability of a machine. It can never be realized if an individual chooses to repair his or her machines with the wrong type of spare parts.
While using machines, safety of the user should be the main priority. This means that the individual should be assured of his or her safety. This is the main reason why people are given chances to choose the most suitable product for them. In most cases, people will choose products that will best solve their problems as well as maintain their safety. This usually comes with consideration of various elements. The main element that such individuals consider is the safety factor. This gives business individuals the main reason why they should maintain the safety factor in their businesses. It outlines the main reason why safety factor should remain a core element of consideration in their operations. Therefore, while purchasing spare parts for stock, safety of the consumer on using the given material should be the main priority.
Davies, G. R. (1957). Safety Factor In Car Design. BMJ, 1(5024), 949-949.
Elishakoff, I. (2004). Safety factors and reliability: friends or foes?. Dordrecht: Kluwer Academic Publishers.
Young, I. G. (1972). The safety factor and its influence on operating margin Proceedings.. Pittsburgh: Instrument Society of America.