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Article

Spare Parts Inventory Management: A Literature Review

by 1, 1,* and 2
1
Area of Operations Management, DeGroote School of Business, McMaster University, Hamilton, ON L8S4M4, Canada
2
Area of Information System, DeGroote School of Business, McMaster University, Hamilton, ON L8S4M4, Canada
*
Author to whom correspondence should be addressed.
Academic Editor: Rajbir Bhatti
Sustainability 2021, 13(5), 2460; https://doi.org/10.3390/su13052460
Received: 27 December 2020 / Revised: 13 February 2021 / Accepted: 20 February 2021 / Published: 25 February 2021
Spare parts are held as inventory to support product maintenance in order to reduce downtime and extend the lifetime of products. Recently, spare parts inventory management has been attracting more attention due to the “right-to-repair” movement which requires that manufacturers provide sufficient spare parts throughout the life-cyle of their products to reduce waste so as to achieve sustainability. In this review, 148 papers regarding spare parts inventory management published from 2010 to 2020 are examined. The studies are classified based on two groups of perspectives. The first group includes the characteristics of spare parts, products, inventory systems, and supply chains, while the second group focuses on the characteristics of research methodologies and topics in the reviewed studies. The novelty of this literature review is three-fold. Firstly, we focus on analyzing the supply chain structure of different inventory networks for managing spare parts. Secondly, we classify the current literature based on analytics techniques, i.e., descriptive analytics, predictive analytics, and prescriptive analytics. Finally, the research gaps in this field are discussed from the perspective of reverse logistics, consumer durable goods, inventory network structure and policy, spare parts demand pattern modeling, and big data analytics. View Full-Text
Keywords: spare parts; inventory management; operations research; management science; supply chain sustainability; optimization spare parts; inventory management; operations research; management science; supply chain sustainability; optimization
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MDPI and ACS Style

Zhang, S.; Huang, K.; Yuan, Y. Spare Parts Inventory Management: A Literature Review. Sustainability 2021, 13, 2460. https://doi.org/10.3390/su13052460

AMA Style

Zhang S, Huang K, Yuan Y. Spare Parts Inventory Management: A Literature Review. Sustainability. 2021; 13(5):2460. https://doi.org/10.3390/su13052460

Chicago/Turabian Style

Zhang, Shuai, Kai Huang, and Yufei Yuan. 2021. "Spare Parts Inventory Management: A Literature Review" Sustainability 13, no. 5: 2460. https://doi.org/10.3390/su13052460

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