A Parts Management Agreement (PMA) provides a flexible, easy-to-use, vendor-managed inventory program that ensures access and availability of critical spare parts.
A Parts Management Agreement (PMA) provides a flexible, easy-to-use, vendor-managed inventory program that ensures access and availability of critical spares to maximize machine uptime and throughput while reducing overall inventory carrying costs. A PMA ensures ready access to critical spares by providing Rockwell Automation-owned inventory at a customer’s site. We own and manage your spare inventory for a small monthly fixed fee. We also provide quarterly audits to validate the integrity of the inventory and provide lifecycle status updates.
The program benefits include:
- Fixed monthly/quarterly pricing
- Flexible over time (add and remove parts as needed)
- In-service warranty on agreement stock(warranty starts when PMA parts are removed
from stock not at purchase) - Replenished with Allen-Bradley® remanufactured and repaired parts (at a discounted price vs the cost of new)
The PMA provides critical spares to maximize machine uptime while reducing overall inventory carrying costs. The PMA presents many opportunities, such as:
- Minimize inventory carrying costs
- Optimization of spares and elimination of excess spares
- Create a baseline for obsolete equipment
- Reduce downtime
- Asset/cost avoidance
The PMA is an alternative to the traditional spare parts ownership model. In the traditional ownership model, you will likely have to deal with:
- The sunk cost of inventory tied up in excess and old inventory
- The warranty clock starts when purchased
- Ongoing carrying costs to support spares regardless of use
- Spares no longer actively used in the installed base must be written off at a loss
With the PMA you will have:
- Flat cost operating expense
- The warranty clock starts when the equipment is removed from
PMA stock - Achieve cost containment with exposure limited to the agreement term
- Inactive PMA stock can be returned; add next-generation products to the agreement to keep up with technology
In summary, those who choose a Parts Management Agreement are looking for alternatives to a spare parts purchase, have an application in which uptime is critical, want a reduction in the meantime to repair, want to improve control of their inventory assets, want a reduction in the carrying costs associated with maintaining inventory, require immediate availability of critical spare parts, and want improved inventory integrity.