Sparrow Networks

75% of spare parts are never used, yet 45% of operators say they’ve recently had a downtime due to missing spare parts. Sparrow’s mission is to reduce the waste caused by owning too many spare parts while making spare parts more available.

Sparrow does this with a unique combination of three modules: spare parts data cleaning, planning & optimization and a spare parts pool, allowing companies to exchange parts in emergencies.

Managing spare parts can be a complicated task. Spare parts require careful planning, yet in many companies, even the data about spare parts aren’t maintained well enough, leading to duplicated parts (typically 5-15% of parts) and wasted time when searching for a part or procuring a new one. Sparrow solves this problem using a data cleaning module: using advanced algorithms to match customer inventory data with manufacturers’ catalogs.

The typical next question is: “how many units of this part should we keep?”. Here, Sparrow’s planning & optimization module is helpful. Using historic data, manufacturer information and supply chain analysis, Sparrow helps spare parts managers keep the right amount of stock: reducing overstocking and downtimes.

Finally, what do you do when you get a black-swan event? A forklift hits a conveyer belt? The Sparrow pool helps operators find spare parts in emergencies. The pool connects tens of sites for an emergency pool. Never get stuck without a part again.

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