Spare parts pooling is not a new concept. It has been studied extensively in academia and executed in different industries. The largest active pool is the pool for aircraft spare parts (IATP).
But how does pooling help? The demand for spare parts is difficult to predict as it’s lumpy and intermittent. Lead times for spare parts are long and unpredictable. This means that spare parts stocking decisions taken at a single site level are not optimal. When pooling many sites that need similar spare parts together, each individual site can stock less parts, relying on the network for emergencies.
Sparrow provides a unique spare parts prediction solution. Sparrow takes data from you (spare parts stock, BOM lists and more), data about parts from manufacturers and understanding of the supply chain to create a best-in-class prediction for spare parts demand.
Members keep their stocks in their respective stock rooms.
Sparrow keeps data only.
100%. Sparrow members have full control over what they share. We never share parts unless approved by the owners.
Sparrow aims to connect anyone who owns similar parts. This includes competitors. So you may share parts with or use parts from competitors. However, all transactions and data remain anonymous.