TNT launches new specialised spare parts service

TNT has announced the launch of a dedicated service called Storapart, aimed at optimising inventory holding and transportation for critical spare parts around the region. The new service offering is designed to tap growth in the service logistics market, valued at €2.3 billion in the Asia Pacific market and around €410 million in Southeast Asia […]


service logistics market spare parts Storapart SWAPS TNT


TNT has announced the launch of a dedicated service called Storapart, aimed at optimising inventory holding and transportation for critical spare parts around the region. The new service offering is designed to tap growth in the service logistics market, valued at €2.3 billion in the Asia Pacific market and around €410 million in Southeast Asia alone.

TNT said the growth of service logistics is attributed to several factors, including as a result of the current downturn, customers are tending to extend the life span of their equipment, hence boosting the demand for after-sales support, especially spare parts. There is also a trend towards the outsourcing of the service logistics division of businesses, especially in the telecommunications, electronics and semiconductor industry. Singapore due to its status as a regional transhipment hub has a 60 per cent share of the Southeast Asian market, according to the integrator.

With the introduction of this enhanced service, TNT said it is in effect moving a step up from the traditional role of a 3PL in the after market services by offering its customers overall visibility and control of its after market activities through a single point of contact.

TNT can act as the central control point for all service logistics, from managing repair turnaround times at the back-end to handling front-end activities such as return screenings. Equipment and spare parts are consolidated and strategically positioned in line with the customers’ service contracts using a dense 24/7 network of regional and national warehouses combined with forward stock locations across Southeast Asia.