Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked spare parts management solutions.
Global Startup Heat Map highlights 5 Top Spare Parts Management Solutions out of 228
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 228 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 223 spare parts management solutions, get in touch.
Limble CMMS offers Inventory Management Solutions
Maintaining a large spare part stock requires continuous investment in parts and storage space. Not having a part in stock at the time of need decreases customer satisfaction or repair efficiency. Therefore, startups develop inventory solutions that allow managers to track spare part usage and optimize procurement processes.
US-based startup Limble CMMS develops inventory management software for maintenance teams. The startup’s computerized maintenance management system (CMMS) provides instant information on spare part availability and notifies inventory managers when stocks are low. Moreover, the system enables part usage tracking and analytics. Limble CMMS allows maintenance teams to increase reactive maintenance efficiency and optimize spare parts stock levels.
SPARETECH develops an Availability Platform
Efficient online sourcing of necessary spare parts requires visibility into available spare part manufacturers and their prices. Moreover, such visibility simplifies price and shipment time comparisons. To enable efficient spare part ordering for maintenance and procurement managers, startups work on database solutions that encompass full price and availability information from manufacturers.
German startup SPARETECH offers an availability platform for industrial spare parts to procurement and maintenance managers. The startup develops a database and search engine for efficient part search and comparison between different original equipment manufacturers (OEMs). Moreover, SPARETECH enables the comparison of the new spare parts with the company’s bill of materials to avoid duplication and prevent purchasing of discontinued parts.
Mobility Work offers Computerized Maintenance Management System (CMMS)
Developing a scheduled maintenance order for plant equipment facilitates spare part management. Such an order creates a clear picture of which parts are required often and which are used less frequently. To facilitate spare part management in manufacturing and production plants, startups offer computerized maintenance management system (CMMS) software to schedule maintenance.
French startup Mobility Work develops scheduled maintenance work order algorithms. The startup’s CMMS software allows maintenance managers to identify frequently maintained equipment and adjust spare part procurement to avoid financial losses associated with idle equipment. Additionally, Mobility Work’s solution provides complete visibility into all parts currently in the plant, both spare and equipped, to improve inventory tracking and eliminate duplicate part ordering.
AI Parts delivers Automotive Inventory Management
Traditionally, spare part management in the automotive industry is carried out by professional personnel with many years of experience. Moreover, careful selection of a spare part takes time as it requires the consideration of multiple factors including car model, year, and the price of the part. To help repair shops save time on spare part selection, automotive startups train machine learning algorithms with millions of parameters to select the right part in seconds.
Italian startup AI Parts develops an AI-based inventory management tool for the automotive industry. The startup’s TechPRO solution leverages machine learning to develop forecasting models and suggest the most suitable parts for the case. By automating criteria-based spare part selection, AI Parts’ solution increases the success rate of a repair shop as well as customer satisfaction.
CADshare advances Spare Part Identification
Ordering spare parts encompass processes such as part identification, purchase, and delivery. Striving to obtain the needed spare part as soon as possible, companies seek solutions that optimize the efficiency of each process. In particular, to improve part identification processes, startups develop 3D solutions that produce digital equivalents of spare parts.
British startup CADshare develops 2D and 3D solutions for spare part identification. Utilizing the company’s design data, the startup compiles manuals with digital copies of spare parts for aftermarket and sales teams. These digital copies allow customers to identify the required parts, eliminating the need to go through old manuals. CADshare’s solutions reduce mistakes when ordering a part and lower the number of repeated interactions required for the purchase.
Discover More Startups
Startups such as the examples highlighted in this report focus on inventory management, on-demand manufacturing, and virtual warehousing. While all of these technologies play a major role in advancing industry, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Industry Innovation Reports to save your time and improve strategic decision-making.