An apparatus and method are provided for replacing a creel in a fiber placement machine, by sequentially moving replaceable creels into place on the fiber placement machine, via tracks and/or guide rails, as one or more spools in a previously operating creel are exhausted, and removing the creel having the one or more exhausted spools, to thereby allow fiber placement to continue from the replacement creel while the creel having one or more exhausted spools of material is replenished. An auto-splice apparatus and method are incorporated into the replaceable creel and fiber placement machine, for assisting in the exchange of replaceable creels.