OEM companies are adapting to rapidly changing product demand. With digital marketplaces and market-based pricing, they’re reimagining their spare parts business to deliver revenue and profit for their customer base. OEMs produce components that VARs assemble into a finished product, such as brake cylinders for a car manufacturer or customized fasteners for Ralph Lauren. They then sell them to distributors, wholesalers, and customers.
A good OEM manufacturer will use the same materials, processes, and machinery that went into creating the original part. It makes it possible to ensure that the new part works exactly how it’s supposed to and will have the same power, performance, and quality as the original.
OEM parts are also designed to fit factory specifications, which increases their longevity. In addition, they can help prevent unnecessarily high wear and tear that might otherwise occur if a third-party replacement part is used in your equipment.
Another thing to consider is the speed with which OEM parts can be procured. Aftermarket parts are often available through auto shops and independent garages, but OEM parts can be ordered directly from the company that created them or from PartSelect. It streamlines the process and saves valuable fleet time.
Lower Maintenance Costs
It is important to remember that although OEM parts cost more upfront, they will save you money on maintenance costs in the long run. Generic parts tend to break or wear out more quickly, requiring frequent repairs and replacements. Car manufacturers design OEM parts to be the same as the originals installed in the vehicle at the factory so they will fit better and last longer.
Furthermore, OEM parts are backed by warranties that guarantee their quality. If a problem arises, the manufacturer will usually take care of it. It means less downtime and more time spent on the road for your fleet. Using OEM parts will also add to the resale value of your vehicle. They are made to rigorous standards, ensuring durability and resilience. It is a good idea to emphasize this when selling or trading in a vehicle, as it will show that you are fearless in spending the extra money on a quality part.
As a result of their lack of crash testing, many aftermarket parts risk damaging other parts or the car as a whole. When this happens, the vehicle may be less safe to drive or have a lower resale value. OEM parts are safer because they are designed with the vehicle in mind. They are also more reliable because they are often made with higher-quality materials than aftermarket alternatives.
Additionally, OEMs understand that downtime is costly and will do everything possible to avoid unscheduled shutdowns. It includes ensuring that they keep spare parts that are considered critical to the operation of a machine in stock. For instance, they will likely hold these components on consignment to provide them quickly in case of a breakdown. They can also estimate the actual demand rate, allowing them to keep less inventory and avoid paying high penalties from asset users for exceeding their service levels.
Using OEM parts guarantees the component’s longevity and increases the lifespan of the entire piece of equipment. OEM replacement parts are designed to fit factory specifications and are built with quality in mind, preventing premature wear and tear. As established specialists, OEMs have the production capacity and expertise to design specialized products for VARs or end-users rapidly. An OEM can deliver a solution faster and cheaper than an in-house product development team.
Furthermore, using OEM parts allows quicker troubleshooting in case of a malfunction. It ensures that heavy equipment is repaired and back up and running more quickly, allowing operations to resume. Most importantly, using OEM parts provides peace of mind that comes with the manufacturer’s warranty. It enables VARs and end-users to replace defective components without worrying about financial loss.