How to Leverage AI to Determine Spare Parts Criticality and Stocking Strategies

Jeromy Risner

Reliability and Operations teams have always struggled with a repeatable process for defining criticality for maintenance spare parts. It is often too easy to make everything critical and often entails a binary method of "yes/no" or "true/false." Most criticality review processes are static (one and done) and are not revisited nor adjusted with changing business climates. Untrusted, outdated criticality reviews, if any, lead to treating everything as critical which leads to surplus which ultimately becomes obsolete... aka wasted capital.