What is Spare Parts Criticality?

1. Asset impact – How a missing part affects uptime, safety, and production.
2. Failure risk – The likelihood of part failure and its consequences.
3. Lead time – Time required to source or manufacture the part.
4. Cost implications – Financial impact of downtime vs. carrying cost.
5. Data accuracy – Ensuring that criticality rankings are supported by clean, standardised spare parts data.

Spare Parts Criticality enables better inventory decisions and cost control by aligning spare parts management with business risk. It helps companies:

• Minimise unplanned downtime by prioritising critical spares.
• Improve safety and compliance.
• Optimise stocking strategies to balance cost and availability.
• Support predictive maintenance and digital twin initiatives.

Sharecat Data Services supports organisations in applying Spare Parts Criticality by ensuring that the underlying spare parts data is accurate, standardised, and enriched. By combining Critical Spare Parts Data with SPIR and CFIHOS standards, Sharecat helps companies classify and manage critical spares effectively within ERP, CMMS, and EAM Systems.

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