Buytoolkit.in - Buytoolkit (No review yet)

Language: english

Manufacturing in India is a key to achieve higher economic growth and to facilitate manufacturing, procurement of machine spare parts is a key element. Industrial supply chain of spare parts is disordered and messy, at Buytoolkit, we have created industrial products online store to help manufacturing sector to source spare parts online. This will help factories to buy parts conveniently and quickly saving their time, efforts and money.

Due to lack of timely availability of machinery spare parts manufacturing units suffers production loss, productivity and labor losses. With Buytoolkit’ hassle free online industrial supply we aim to alter the dynamics of supply chain of machine spare parts business.

Online spare parts shop on Buy tool kit ensure quick availability of spares so that manufacturers need not invest on the spare parts inventory and save on working capital and inventory space. Spare parts Management plays very important role in achieving the desired plant availability at optimum cost. At present, industries are going for capital intensive, mass production oriented and sophisticated technology. The downtime for such plant and machinery is quite expensive. It has been noticed in many industries that the non-availability of spare parts, as and when required for repairs, contributes to as much as 50% of the total down time.

At the same time, the cost of spare parts is more than 50% of total maintenance cost in the industry. It is an irony to note that the maintenance department is complaining of the non-availability of the spare parts to meet their requirement and finance department is facing the problem of increasing locked up capital in spare parts inventory. This signifies the vital importance of spare parts management in any organisation. Buytool.in intends to fill the gap and make the supply chain of machine spare parts robust, responsive and efficient.

Category: Economy and Business