Imagine you have a lot of toys to play with, but sometimes the toys break or need parts to be fixed. Spare parts management is like keeping extra pieces and tools that you might need to fix your toys.
When you have a lot of toys or machines, it can be hard to keep track of what parts you have and what parts you need. So, people who take care of these toys and machines make a list of all the parts they have and keep it organized. This list is called an inventory.
Sometimes, they might need to order new parts, like if they run out or if they need a different size or type of part. They might also need to repair the parts they have or replace them if they are broken beyond repair.
The people who take care of these toys and machines need to make sure they always have enough spare parts so that they can fix things quickly and easily when something goes wrong. This way, they don't have to stop playing with their toys or stop using their machines for very long.
Overall, spare parts management is all about keeping track of what parts you have, ordering new ones when you need them, and making sure you always have enough spare parts to keep your toys and machines running smoothly.