Glossary

What is Critical Spares Optimisation?

What does Critical Spares Optimisation mean?

Critical Spares Optimisation refers to the structured approach of analysing and managing spare parts that are essential for maintaining critical assets. By identifying which spares are most vital to operations, organisations can minimise downtime, optimise costs, and ensure long-term reliability.

Without optimisation, companies risk either stockouts, leading to costly production delays, or overstocking, which ties up unnecessary capital.

Key benefits of Critical Spares Optimisation

  1. Downtime reduction – ensures that high-impact spares are always available.
  2. Inventory efficiency – works alongside Spare Parts Inventory Optimisation to balance availability and cost.
  3. Improved planning – leverages Critical Spare Parts Data to support asset lifecycle management.
  4. Cost control – avoids tying up capital in low-value or obsolete spare parts.
  5. Risk management – prioritises spares that are vital for safety and compliance.

How Sharecat enables Critical Spares Optimisation

Sharecat Data Services helps organisations optimise their critical spares by cleansing and enriching MRO Data, mapping against asset hierarchies, and applying international standards such as ISO 8000 and eCl@ss Classification.

Our approach ensures that:

  • Spare parts data is complete, accurate, and standardised.
  • Maintenance and EAM systems can rely on trusted information.
  • Companies achieve the right balance between availability, cost, and operational risk.