SPARE PARTS MANAGEMENT / LONG TERM PARTS AGREEMENTS
LTPA - LONG TERM PARTS AGREEMENTS
What is an Nidec LTPA?
Answer: Spare Parts Supply with Managed Inventory Service
LTPA’s represents the NIDEC way of creating long partnerships with its Customers, by taking care of their inventory. The agreement it is aimed to help Customers reducing their operating costs associated with spare parts inventory, while increasing availability and reliability.
The LTPA allows Customers rapid access to the required spare parts, all while NIDEC stores, owns and manages the inventory.
The LTPA provides fast access and availability of critical spares to maximize equipment availability, while reducing overall inventory costs.
Regional based inventory by Nidec local offices provides Customers fast access, while NIDEC keeps the inventory for a fixed monthly fee and for an agreed period of time. The LTPA is backed by NIDEC through remanufacturing to replenish of any used inventory.
Benefits of a LTPA:
- Immediate availability for critical spare parts on-site*
- Increased uptime of your motor & drives
- Reduced MTTR
- Flat cost operating expense
- Eliminate capital expenses
*subject to specific contractual terms & conditions