Taking The Stress Out Of Spare Parts

A Parts Management Agreement (PMA) provides IAC customers with access to critical spares without having to tie up their resources. IAC Asset Management Specialists utilize PMAs to provide a flexible, easy-to-use, vendor-managed inventory program that ensures access to critical spares on-site, when and where they are needed. Plus, parts aren’t paid for until they are needed. IAC charges a fee for this service, but the savings realized by the customer are often substantial.

The Benefits Of A PMA Are Clear:

  • Reduced downtime
  • Minimized inventory costs
  • Simplified budgeting
  • Flexibility

The PMA Difference:

  • Under the terms of a PMA contract, IAC customers don’t own
    the parts and there is no required number of turns.
  • Customers receive a one-year warranty from the date the box is
    opened or the seal is broken, rather than when they purchased
    the item.
  • There is no need to write off spares that are no longer actively used in the installed base. PMA stock can be
    returned, and next-generation products can easily be added to an agreement.

The Results Of A PMA Are Easy To See:

  • Maximized asset control: With a PMA, IAC customers avoid unnecessary buildup of inventory over time
    and meet service facility requirements without increasing their assets.
  • Improved cash management: A PMA lets IAC customers minimize their inventory-carry expenses and
    allows them to pay for inventory in smaller increments over time.
  • Better product support (of equipment with limited life cycles): Spares are taken out of inventory when
    associated equipment is decommissioned.

Parts Management Agreements are an important solution for our customers. Find out more by asking
one of our Asset Management Specialists.