{"id":37420,"date":"2025-08-25T13:20:23","date_gmt":"2025-08-25T07:50:23","guid":{"rendered":"https:\/\/www.verdantis.com\/?p=37420"},"modified":"2026-04-27T20:41:03","modified_gmt":"2026-04-27T15:11:03","slug":"critical-spares-management","status":"publish","type":"post","link":"https:\/\/www.verdantis.com\/critical-spares-management\/","title":{"rendered":"Spare Parts Criticality Analysis in Asset-Intensive Industries"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"37420\" class=\"elementor elementor-37420\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f49a888 e-flex e-con-boxed e-con e-parent\" data-id=\"f49a888\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0de9ee8 elementor-widget elementor-widget-text-editor\" data-id=\"0de9ee8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"235\" data-end=\"467\">The idea of ascertaining criticality in spare parts emerged as asset-intensive corporations realized that oversight in production operations, safety, and inventory management has a direct impact on profitability and supply chains.<\/p>\n<p data-start=\"469\" data-end=\"760\">Put simply, certain spare parts are critical because their unavailability can lead to significant downtime, safety risks, or financial losses.<\/p>\n<p data-start=\"469\" data-end=\"760\">This is especially important in industries with complex, large-scale production operations and MRO (Maintenance, Repair &amp; Overhaul) processes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-192d7dc e-flex e-con-boxed e-con e-parent\" data-id=\"192d7dc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b6a7a4b elementor-widget elementor-widget-heading\" data-id=\"b6a7a4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"defining-criteria-for-critical-spares\">Defining Criteria for Critical Spares<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fd1baec e-flex e-con-boxed e-con e-parent\" data-id=\"fd1baec\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9d9a214 elementor-widget elementor-widget-text-editor\" data-id=\"9d9a214\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Criticality of a spare part and a fixed asset are inextricably linked, and while the criteria for these definitions may vary from org to org, the factors that help define criticality largely remains the same.<\/p><p>A reliable assessment also depends on <a href=\"https:\/\/www.verdantis.com\/how-to-clean-spare-parts-data\/\">clean and accurate spare parts data<\/a>, since inconsistencies or duplicates in the master data can distort how parts are categorized.<\/p><ul><li><strong>Impact on Production Operations<\/strong><\/li><\/ul><p>If the spare part, analysed along with its dependent equipment, is one that can stall production operations or result in prolonged downtime, the spare part is likely to be flagged as a critical spare part to ensure adequate stocking + safety stock pertaining to that part is maintained.<\/p><ul><li><strong>Cost of Downtime<\/strong><\/li><\/ul><p>Not all fixed assets or equipment are part of key production processes. Spare parts linked to such fixed assets, that are part of non-core production activities are not likely to be flagged as critical parts since they do not hamper core production operations, and ultimately there\u2019s no serious financial impact due to the downtime<\/p><ul><li><strong>Operational Criticality<\/strong><\/li><\/ul><p>If the piece of machinery or asset can operate for a certain amount of time without adverse harm, even in the absence of the given part, then it is unlikely to be tagged as \u201cCritical\u201d.<\/p><p>Conversely, if the piece of machinery is key to the production process and if the spare part is an indispensable piece of the production process, the part should be flagged as \u201cCritical\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae5ab2f elementor-widget elementor-widget-video\" data-id=\"ae5ab2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/mlyuZQXaIG0&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d238cee elementor-widget elementor-widget-text-editor\" data-id=\"d238cee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Health &amp; Safety Risks<\/strong><\/li><\/ul><p>Absence of spare parts, that are likely to lead to health and safety concerns are a flagged as critical, especially given <a href=\"https:\/\/www.mscdirect.com\/betterMRO\/forums\/manufacturing\/safety-compliance\/osha-regulations-good-and-bad\" rel=\"nofollow noopener\" target=\"_blank\">OSHA guidelines<\/a>. Conversely spares that don\u2019t lead to HSE risks are also less likely to be tagged as \u201ccritical spares\u201d<\/p><ul><li><strong>Supplier Lead Time<\/strong><\/li><\/ul><p>Spare Parts or consumables with much longer lead times right from procurement to physical delivery are higher up in the criticality matrix as opposed to parts with lower lead times. Higher supplier lead times are likely to result in much prolonged downtime directly affecting production schedules, losses and profitability.<\/p><p>The goal of any such criticality assessment is to classify the nature of a spare part into a pre-defined segment, which is generally, critical, semi-critical or non-critical but these practices vary from even industry to industry and even company to company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c28dfc3 e-con-full form1 e-flex e-con e-child\" data-id=\"c28dfc3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-23e31ea e-con-full form1 e-flex e-con e-child\" data-id=\"23e31ea\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-b0835f3 e-con-full e-flex e-con e-child\" data-id=\"b0835f3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-00446a4 elementor-widget elementor-widget-heading\" data-id=\"00446a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Learn more about how Verdantis MRO360 can support your spare parts and asset data strategy.<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-54d7494 e-con-full e-flex e-con e-child\" data-id=\"54d7494\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-85dcae4 elementor-button-align-stretch elementor-widget 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phone characters (#, -, *, etc) are accepted.\">\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-text elementor-field-group elementor-column elementor-field-group-Company elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-Company\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tCompany Name\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"text\" name=\"form_fields[Company]\" id=\"form-field-Company\" class=\"elementor-field elementor-size-lg  elementor-field-textual\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-100 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-email\" class=\"elementor-field-label\">\n\t\t\t\t\t\t\t\tBusiness Email\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" 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34z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">See Results on Real Data<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27661fe elementor-widget elementor-widget-heading\" data-id=\"27661fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Book a non-obligatory consultation call with our delivery team to address master data management challenges<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f1cb20 e-con-full e-flex e-con e-child\" data-id=\"4f1cb20\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b17fd40 elementor-widget elementor-widget-heading\" data-id=\"b17fd40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Trusted By Industry Leaders Worldwide<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-509c6d5 elementor-widget elementor-widget-image-carousel\" data-id=\"509c6d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;slides_to_show&quot;:&quot;4&quot;,&quot;navigation&quot;:&quot;none&quot;,&quot;lazyload&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:100,&quot;speed&quot;:5000,&quot;image_spacing_custom&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:50,&quot;sizes&quot;:[]},&quot;slides_to_show_tablet&quot;:&quot;4&quot;,&quot;slides_to_show_mobile&quot;:&quot;3&quot;,&quot;image_spacing_custom_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;autoplay&quot;:&quot;yes&quot;,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;infinite&quot;:&quot;yes&quot;,&quot;image_spacing_custom_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"image-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-carousel-wrapper swiper\" role=\"region\" aria-roledescription=\"carousel\" aria-label=\"Image Carousel\" dir=\"ltr\">\n\t\t\t<div class=\"elementor-image-carousel swiper-wrapper\" aria-live=\"off\">\n\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"1 of 6\"><figure class=\"swiper-slide-inner\"><img class=\"swiper-slide-image swiper-lazy\" data-src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2024\/10\/1.webp\" alt=\"1\" \/><div class=\"swiper-lazy-preloader\"><\/div><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"2 of 6\"><figure class=\"swiper-slide-inner\"><img class=\"swiper-slide-image swiper-lazy\" data-src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2024\/10\/2.webp\" alt=\"2\" \/><div class=\"swiper-lazy-preloader\"><\/div><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"3 of 6\"><figure class=\"swiper-slide-inner\"><img class=\"swiper-slide-image swiper-lazy\" data-src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2024\/10\/3.webp\" alt=\"3\" \/><div class=\"swiper-lazy-preloader\"><\/div><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"4 of 6\"><figure class=\"swiper-slide-inner\"><img class=\"swiper-slide-image swiper-lazy\" data-src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2024\/10\/4-1.webp\" alt=\"4-1\" \/><div class=\"swiper-lazy-preloader\"><\/div><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"5 of 6\"><figure class=\"swiper-slide-inner\"><img class=\"swiper-slide-image swiper-lazy\" data-src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2024\/10\/5.webp\" alt=\"5\" \/><div class=\"swiper-lazy-preloader\"><\/div><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"6 of 6\"><figure class=\"swiper-slide-inner\"><img class=\"swiper-slide-image swiper-lazy\" data-src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2024\/10\/6.webp\" alt=\"6\" \/><div class=\"swiper-lazy-preloader\"><\/div><\/figure><\/div>\t\t\t<\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f60b1a4 elementor-widget elementor-widget-heading\" data-id=\"f60b1a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"who-can-relate-to-this\">Who Can Relate to This?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e785d75 elementor-widget elementor-widget-text-editor\" data-id=\"e785d75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The insights on spare parts criticality are most relevant to professionals such as:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6e17e79 e-con-full e-flex e-con e-child\" data-id=\"6e17e79\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-00ac1a7 e-con-full e-flex e-con e-child\" data-id=\"00ac1a7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-98cf69e elementor-view-stacked elementor-widget__width-initial elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"98cf69e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"bi bi-person-fill\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tChief Operations Officers (COOs)\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tfor driving efficiency and reducing operational risks.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-752bd5d elementor-view-stacked elementor-widget__width-initial elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"752bd5d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"bi bi-person-fill\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tMaintenance &amp; Reliability Engineers\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tfor managing spare parts planning and failure prevention.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74cc8f3 elementor-view-stacked elementor-widget__width-initial elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"74cc8f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"bi bi-person-fill\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tPlant \/ Asset Managers\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tfor ensuring uptime, safety, and optimized performance.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e37ea5c elementor-view-stacked elementor-widget__width-initial elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"e37ea5c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"bi bi-person-fill\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tSupply Chain &amp; Procurement Leaders\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tfor balancing supplier reliability with inventory costs.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85180a2 elementor-view-stacked elementor-widget__width-initial elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"85180a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"bi bi-person-fill\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tInventory &amp; Warehouse Teams\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tfor improving stocking accuracy and reducing surplus\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88b435d elementor-view-stacked elementor-widget__width-initial elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"88b435d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"bi bi-person-fill\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tReliability &amp; Operations Leaders\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tfor reducing unplanned downtime and enhancing asset performance through trusted data\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e96b24 elementor-widget elementor-widget-text-editor\" data-id=\"7e96b24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>These roles are especially critical in asset-intensive industries such as:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-559537e e-con-full e-flex e-con e-child\" data-id=\"559537e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-bbf4ee7 e-grid e-con-full e-con e-child\" data-id=\"bbf4ee7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-f0700c3 e-con-full e-flex e-con e-child\" data-id=\"f0700c3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dd913d2 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"dd913d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" height=\"512\" viewBox=\"0 0 450 450\" width=\"512\"><g><g><g id=\"XMLID_1_\"><path d=\"m119.1 231.1-36.6 16.7 3.3-32z\"><\/path><path d=\"m162.9 251.1h-62.8l31.4-14.4z\"><\/path><path d=\"m177.2 215.8 3.3 32-36.6-16.7z\"><\/path><path d=\"m172.6 170.3 3 29.3-32.2-15.4z\"><\/path><path d=\"m169.5 208-38 17.4-38-17.4 38-18.1z\"><\/path><path d=\"m119.6 184.2-32.2 15.4 2.9-29.3z\"><\/path><path d=\"m131.5 141.5 34.6 20.5-34.6 16.5-34.6-16.5z\"><\/path><path d=\"m121.4 135.5-29.3 17.4 3.3-32.8z\"><\/path><path d=\"m167.6 120.1 3.3 32.8-29.3-17.4z\"><\/path><path d=\"m163.7 81 2.2 21.8-22.9-11.5z\"><\/path><path d=\"m161.2 111.9-29.7 17.6-29.7-17.6 29.7-14.8z\"><\/path><path d=\"m120 91.3-22.9 11.5 2.2-21.8z\"><\/path><path d=\"m146.3 78.2-14.8 7.4-14.8-7.4z\"><\/path><path d=\"m113.2 36.4c-2.2 3.8-6.8 6.4-11.2 6.3-4-.1-7.3-2.5-9.4-6.9-2-4.2-3.8-12-1.9-25.8 13.3 5.4 19.1 11 21.7 15 3.2 5 2.2 9 .8 11.4z\"><\/path><path d=\"m170.4 35.8c-2.1 4.4-5.4 6.8-9.4 6.9-4.4.2-9-2.4-11.1-6.3-1.4-2.4-2.4-6.4.8-11.4 2.6-4 8.4-9.6 21.7-15 1.8 13.8 0 21.6-2 25.8z\"><\/path><path d=\"m323.8 46.4h17.1v8.4h-17.1z\"><\/path><path d=\"m239.9 65.1h128.5v10.4h-128.5z\"><\/path><path d=\"m248.9 85.7h110.3v13.6h-110.3z\"><\/path><path d=\"m248.9 109.6v96.9h110.3v-96.9zm70.8 83.7c-4.6 2.9-10.1 4.4-15.6 4.4-5.2 0-10.4-1.3-14.9-3.9-8.8-5.2-13.6-14.6-13.1-25.7.6-13.8 8.7-29.8 24.2-47.6 1-1.1 2.4-1.8 3.9-1.8s2.9.6 3.9 1.8c15 17.3 23.1 33 24.1 46.5.7 11.2-3.8 20.8-12.5 26.3z\"><\/path><path d=\"m314.3 184.5c-5.8 3.6-14 3.7-19.9.3-3.9-2.3-8.5-7-8-16.4.3-7.2 3.8-19.3 17.8-36.7 13.6 16.9 17.2 28.8 17.7 35.9.7 9.7-3.8 14.5-7.6 16.9z\"><\/path><path d=\"m248.9 216.8h110.3v13.6h-110.3z\"><\/path><path d=\"m239.9 240.7h128.5v10.4h-128.5z\"><\/path><path d=\"m408.7 261.4c-.2 8.6-1.1 17.1-2.5 25.4-4.3 1.8-7.8 4.8-10.9 7.6-4 3.5-6.6 5.6-9 5.3-2-.3-6.5-2.8-14.1-15.9-6.6-11.4-18-18.6-25.5-22.4z\"><\/path><path d=\"m403.2 301.1c-3.9 15.6-9.8 30.4-17.4 44-19.2-13.6-38.7-14.1-55.4-1.3-.1 0-.1.1-.2.2s-15.3 13.1-32 13.2c-15.4.1-24.2 2.6-28.7 8.1-4.7 5.7-3.3 12.7-2 18.9 1 5.3 2 10.3-.5 14.1-2.1 3.3-5 3.5-10.6 3.8-4.9.2-10.9.5-16.6 4.3-5.9 3.9-13.3 10.6-14.6 20.1-.6 4.5.3 9 2.5 13.5-.9 0-1.8 0-2.6 0-20.2 0-39.6-3.3-57.8-9.3.4-1.7.8-3.7 1.2-5.8 4.5-20.9 12-55.8-11.5-65.6-.1 0-.2-.1-.3-.1-.2-.1-19-6.7-27.4-21.1-5.6-9.7-12-14.8-19.3-15.6-12.1-1.4-22.5 9.5-31.8 19-3.4 3.6-7.2 7.5-10.3 9.8-16-26.4-25.6-57.1-26.5-90h93.3c.3.6.5 1.2.7 1.8 8.6 21.1 19.4 47.4 35.3 51.1 1.3.3 2.6.5 4 .5 4.5 0 8.9-1.9 13.1-5.5.1-.1.2-.2.3-.3.2-.2 17.3-17.1 31.8-9.1 7.8 4.3 14.8 4.8 20.8 1.5 9-5 14.3-17.7 16.2-40h67.8c3.2 2.5 6.9 4.6 11 6.3.1 0 .2.1.3.1.2.1 19.1 6.8 27.4 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data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.verdantis.com\/oil-gas\/\">Oil &amp; Gas<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fae003b e-con-full e-flex e-con e-child\" data-id=\"fae003b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-54eb4aa elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"54eb4aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" viewBox=\"0 0 512 512\"><g><path d=\"m148.7 50.5h19.9c7.9 0 14.2 6.4 14.2 14.2v20c0 7.8-6.4 14.2-14.2 14.2h-19.9c-7.9 0-14.2-6.4-14.2-14.2v-20c0-7.8 6.4-14.2 14.2-14.2zm53.6 128h27c9.4 0 17.1 7.7 17.1 17.1v26.9c0 9.4-7.7 17.1-17.1 17.1h-27c-9.4 0-17.1-7.7-17.1-17.1v-26.9c-.1-9.4 7.6-17.1 17.1-17.1zm26.9 12.1h-27c-2.8 0-5.1 2.3-5.1 5.1v26.9c0 2.8 2.3 5.1 5.1 5.1h27c2.8 0 5.1-2.3 5.1-5.1v-26.9c0-2.9-2.3-5.1-5.1-5.1zm188.3 10.9v25.3h56.3c-2.7-5.2-8.5-10.2-16.2-14.4-11.1-6.1-25.6-10.2-40.1-10.9zm-70 53.2c-6-2.9-10.1-9-10.3-15.9h-63.9c-3.3 0-6-2.7-6-6.2.1-11.3 9.8-22.6 24.3-30.7 12.6-7.1 29-12 45.6-12.5.2-5.8 3.1-11.1 7.7-14.4-9.9-38.7-44.8-66.2-85.4-66.2-17.5 0-33.7 5.1-47.4 13.8-14.1 9-25.5 21.9-32.6 37.2-1.2 2.8-4.4 4.3-7.3 3.3-9.5-3.1-19.4-3.8-29.3-2.2v16.3c0 2.9-.7 5.6-2 8l13.7 13.7c1.2 1.2 1.8 2.7 1.8 4.3v39.1h6.9c14.9 0 27 12 27 27.5 0 5.4 4.4 9.8 9.8 9.8h77c11.1 0 20.2 9.1 20.2 20.2v6.7h16.2c14 0 22.7 12 18.8 25.8l-2.6 9c6.3-1.5 12.2-3.9 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elementor-widget elementor-widget-heading\" data-id=\"a52ad36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Pulp, Paper &amp; Packaging<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8b43f48 e-con-full e-flex e-con e-child\" data-id=\"8b43f48\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9842576 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"9842576\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div 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data-id=\"e36bf82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" viewBox=\"0 0 64 64\"><g><path d=\"m12.8041992 21.2264442h10.375c.5522461 0 1-.4477539 1-1v-3.0496826c0-.5523071-.4477539-1-1-1h-10.375c-.5523071 0-1 .4476929-1 1v3.0496826c0 .5522461.4476929 1 1 1z\"><\/path><path d=\"m21.7800293 36.380619h-14.3500366v12.419983h14.3500366zm-5.960022 9.1900025c-1.0200195 1.0200195-2.6799927 1.0200195-3.7000122 0s-1.0200195-2.6699829 0-3.7000122l.4273682-.4273682c.0012817.0012817.0016479.0031128.0029297.0043945l3.6963501 3.6963501zm2.2700196-2.2700195-.4293213.4293213-3.6963501-3.6963501c-.0012817-.0012817-.0031128-.0016479-.0043945-.0029297l.4300537-.4299927c1.0199585-1.0200195 2.6799927-1.0200195 3.7000122 0 .5099487.5099487.7699585 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0-3.9200439-.4500122-6.1000366-1.7399902-4.8099976-2.8300171-9.1599731-1.4000244-11-.5300293-.2799683 1-.4299927 2.0599976-.4299927 3.1500244 0 3.8599854 1.8400269 7.3099976 4.7000122 9.4799805h14.4299927c2.8599854-2.1699829 4.7000122-5.6199951 4.7000122-9.4799805 0-.8599854-.0900268-1.7000123-.2800293-2.5100098z\"><\/path><circle cx=\"48.17\" cy=\"16.305\" r=\"3.672\"><\/circle><circle cx=\"37.818\" cy=\"12.634\" r=\"2.953\"><\/circle><\/g><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0fd2f9a elementor-widget elementor-widget-heading\" data-id=\"0fd2f9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Chemicals <\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d649447 e-con-full e-flex e-con e-child\" data-id=\"d649447\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f4a0da5 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"f4a0da5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" viewBox=\"0 0 500 500\"><path clip-rule=\"evenodd\" d=\"m121.744 103.893v11.022c0 .382.226.707.584.84s.742.033.991-.257c9.866-11.494 26.015-15.41 40.009-9.934.394.154.623.55.56.969-2.973 19.637-21.513 33.104-41.099 29.797-.269-.046-.519.023-.727.199s-.317.411-.317.684v10.781c0 .383.228.709.588.841s.745.029.992-.265c9.83-11.677 26.11-15.715 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fill-rule=\"evenodd\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9077356 elementor-widget elementor-widget-heading\" data-id=\"9077356\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Agri-Processing<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7fe52f0 e-flex e-con-boxed e-con e-parent\" data-id=\"7fe52f0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a625efe elementor-widget elementor-widget-heading\" data-id=\"a625efe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"data-points-relevant-to-criticality-analysis\">Data Points Relevant to Criticality Analysis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-02d858a e-flex e-con-boxed e-con e-parent\" data-id=\"02d858a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e13f1a2 elementor-widget elementor-widget-text-editor\" data-id=\"e13f1a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Here are some data points that are relevant to any criticality study<\/p>\n<ol>\n<li>Past Consumption<\/li>\n<li>Available Spare Parts Data<\/li>\n<li>Analyzing Equipment Failure Data including Mean Time Between Failures &amp; Maintenance records<\/li>\n<li>Analyzing Spare Parts with high Failure Rates or Limited Lifespans<\/li>\n<li style=\"text-align: left;\">Supplier Lead Time Data<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-220ac16 elementor-widget elementor-widget-image\" data-id=\"220ac16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1706_Criticality-Analysis-Data-Points_remix_01k453advse3hbv6k8eya433th-1024x683.png\" class=\"attachment-large size-large wp-image-37447\" alt=\"Data Points for Criticality Analysis\" srcset=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1706_Criticality-Analysis-Data-Points_remix_01k453advse3hbv6k8eya433th-1024x683.png 1024w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1706_Criticality-Analysis-Data-Points_remix_01k453advse3hbv6k8eya433th-300x200.png 300w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1706_Criticality-Analysis-Data-Points_remix_01k453advse3hbv6k8eya433th-768x512.png 768w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1706_Criticality-Analysis-Data-Points_remix_01k453advse3hbv6k8eya433th-18x12.png 18w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1706_Criticality-Analysis-Data-Points_remix_01k453advse3hbv6k8eya433th.png 1536w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa66a14 elementor-widget elementor-widget-heading\" data-id=\"fa66a14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"classification-framework\">Classification Framework<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95aebb6 elementor-widget elementor-widget-text-editor\" data-id=\"95aebb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"1973\" data-end=\"2042\">Organizations typically classify spare parts into three categories:.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7dc1604 e-con-full e-grid e-con e-child\" data-id=\"7dc1604\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-9ade121 e-con-full e-flex e-con e-child\" data-id=\"9ade121\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d4102a6 elementor-widget elementor-widget-heading\" data-id=\"d4102a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Tier 1 (Critical)<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9908d2 elementor-widget elementor-widget-text-editor\" data-id=\"d9908d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">Essential to plant operations or safety (e.g., turbines, pumps, safety systems).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-190aa62 e-con-full e-flex e-con e-child\" data-id=\"190aa62\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-56a5d92 elementor-widget elementor-widget-heading\" data-id=\"56a5d92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Tier 2 (Semi-Critical)<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a88107c elementor-widget elementor-widget-text-editor\" data-id=\"a88107c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">Important but with redundancies or workarounds available.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-914ffad e-con-full e-flex e-con e-child\" data-id=\"914ffad\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0e0f6e6 elementor-widget elementor-widget-heading\" data-id=\"0e0f6e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Tier 3 (Non-Critical)<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbcda6c elementor-widget elementor-widget-text-editor\" data-id=\"fbcda6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">Supportive, non-essential items.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d15ed15 e-flex e-con-boxed e-con e-parent\" data-id=\"d15ed15\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dbcf352 elementor-widget elementor-widget-heading\" data-id=\"dbcf352\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"methods-of-criticality-analysis\">Methods of Criticality Analysis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f5f27c3 e-flex e-con-boxed e-con e-parent\" data-id=\"f5f27c3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f3c0df elementor-widget elementor-widget-text-editor\" data-id=\"9f3c0df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As one can imagine, a criticality study can be based on a pre-existing standard, customized over that standard or be completely crafted from scratch. <br \/><br \/>The exact criticality analysis approach will vary wildly based on industry or company.<\/p>\n<p>Here are a few standard approaches that are well-known and generally adopted\u00a0<\/p>\n<ol>\n<li><strong>Failure Modes and Effects Analysis (FMEA) Based RPN Scoring<\/strong><\/li>\n<\/ol>\n<p>In this method, the part failure is analysed based on three core factors, all of which are scored on a scale (typically 1-10). 1 being low impact an 10 being high impact.<\/p>\n<ul>\n<li><em>Severity (S): How serious is the impact if the part fails?<\/em><\/li>\n<li><em>Occurrence (O): How frequently does the part fail?<\/em><\/li>\n<li><em>Detection (D): How easily can failure be detected before it results in business implications?<\/em><\/li>\n<\/ul>\n<p><em>For each part, the calculation as a product of the individual scores.<\/em><\/p>\n<p><em>RPN Calculation: = S\u00d7O\u00d7D <\/em><\/p>\n<ul>\n<li><em>Parts with higher RPN are considered more critical.<\/em><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f2b3e12 e-con-full pointer e-flex e-con e-child\" data-id=\"f2b3e12\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-35bc63b elementor-view-stacked elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"35bc63b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" viewBox=\"0 0 512 512\" data-name=\"Layer 1\"><path 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41.811-41.782zm-41.811-29.821c-16.469 0-29.792 13.351-29.792 29.821s13.323 29.792 29.792 29.792 29.821-13.323 29.821-29.792-13.351-29.821-29.821-29.821zm166.167-268.611v-18.681c0-2.976 1.927-5.471 4.762-6.208l11.735-3.146c1.417-5.046 3.43-9.978 6.066-14.655l-6.066-10.517c-1.502-2.551-1.077-5.669 1.021-7.739l13.209-13.209c2.069-2.098 5.188-2.494 7.739-1.021l10.517 6.066c4.677-2.608 9.581-4.649 14.655-6.066l3.118-11.735c.765-2.835 3.26-4.762 6.236-4.762h18.68c2.948 0 5.443 1.927 6.208 4.762l3.118 11.735c5.074 1.417 9.978 3.43 14.655 6.066l10.517-6.066c2.551-1.474 5.669-1.077 7.739 1.021l13.209 13.209c2.098 2.069 2.523 5.187 1.049 7.739l-6.066 10.517c2.608 4.677 4.62 9.609 6.038 14.655l11.735 3.118c2.863.765 4.762 3.26 4.762 6.236v18.681c0 2.948-1.899 5.442-4.762 6.208l-11.735 3.146c-1.417 5.046-3.43 9.95-6.038 14.627l6.066 10.517c1.474 2.551 1.049 5.669-1.049 7.767l-13.209 13.209c-2.069 2.069-5.188 2.494-7.739 1.02l-10.517-6.066c-4.677 2.608-9.581 4.621-14.655 6.038l-3.118 11.736c-.765 2.863-3.26 4.762-6.208 4.762h-18.68c-2.976 0-5.471-1.899-6.236-4.762l-3.118-11.736c-5.074-1.417-9.978-3.43-14.655-6.038l-10.517 6.066c-2.551 1.474-5.669 1.049-7.739-1.02l-13.209-13.209c-2.098-2.098-2.523-5.216-1.021-7.767l6.066-10.517c-2.636-4.677-4.649-9.581-6.066-14.627l-11.735-3.146c-2.835-.765-4.762-3.26-4.762-6.208zm40.507-9.354c0 23.102 18.737 41.811 41.811 41.811s41.811-18.709 41.811-41.811-18.709-41.811-41.811-41.811-41.811 18.737-41.811 41.811zm41.811 29.82c16.469 0 29.821-13.351 29.821-29.82s-13.351-29.792-29.821-29.792-29.792 13.323-29.792 29.792 13.323 29.82 29.792 29.82z\" fill-rule=\"evenodd\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t1: Failure Modes and Effects Analysis (FMEA) Based RPN Scoring\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53423b2 elementor-widget elementor-widget-text-editor\" data-id=\"53423b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In this method, the part failure is analysed based on three core factors, all of which are scored on a scale (typically 1-10). 1 being low impact an 10 being high impact.<\/p><ul><li><strong>Severity (S):<\/strong> How serious is the impact if the part fails?<\/li><li><strong>Occurrence (O):<\/strong> How frequently does the part fail?<\/li><li><strong>Detection (D):<\/strong> How easily can failure be detected before it results in business implications?<\/li><\/ul><p>For each part, the calculation as a product of the individual scores.<\/p><p><span style=\"color: #000080;\"><strong>RPN Calculation: = S\u00d7O\u00d7D <\/strong><\/span><\/p><ul><li>Parts with higher RPN are considered more critical.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d63edcf e-con-full e-flex e-con e-child\" data-id=\"d63edcf\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4eb01e0 elementor-widget elementor-widget-text-editor\" data-id=\"4eb01e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><em>Let\u2019s take the example of a Pump Motor Bearing;<\/em><\/strong><\/p>\n<table>\n<thead>\n<tr>\n<td>\n<p><strong><em>Factor<\/em><\/strong><\/p>\n<\/td>\n<td>\n<p><strong><em>Rating<\/em><\/strong><\/p>\n<\/td>\n<td>\n<p><strong><em>Reason<\/em><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p><em>Severity (S)<\/em><\/p>\n<\/td>\n<td>\n<p><em>8<\/em><\/p>\n<\/td>\n<td>\n<p><em>Failure stops production line.<\/em><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><em>Occurrence (O)<\/em><\/p>\n<\/td>\n<td>\n<p><em>5<\/em><\/p>\n<\/td>\n<td>\n<p><em>Fails once every 2 years.<\/em><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><em>Detection (D)<\/em><\/p>\n<\/td>\n<td>\n<p><em>7<\/em><\/p>\n<\/td>\n<td>\n<p><em>Hard to notice before failure.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\"><strong>RPN Score in this case is = 8\u00d75\u00d77 = 280<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67435f3 e-con-full e-flex e-con e-child\" data-id=\"67435f3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ad49379 elementor-widget elementor-widget-text-editor\" data-id=\"ad49379\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>In another case, let\u2019s take the example of a Conveyor Belt Sensor: <\/em><\/p>\n<p>\u00a0<\/p>\n<table>\n<thead>\n<tr>\n<td>\n<p><strong><em>Factor<\/em><\/strong><\/p>\n<\/td>\n<td>\n<p><strong><em>Rating<\/em><\/strong><\/p>\n<\/td>\n<td>\n<p><strong><em>Reason<\/em><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p><em>Severity (S)<\/em><\/p>\n<\/td>\n<td>\n<p><em>5<\/em><\/p>\n<\/td>\n<td>\n<p><em>Only minor delay in production.<\/em><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><em>Occurrence (O)<\/em><\/p>\n<\/td>\n<td>\n<p><em>5<\/em><\/p>\n<\/td>\n<td>\n<p><em>Fails every year.<\/em><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><em>Detection (D)<\/em><\/p>\n<\/td>\n<td>\n<p><em>3<\/em><\/p>\n<\/td>\n<td>\n<p><em>Easy to detect before failure.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>\u00a0<\/em><span style=\"color: #000080;\"><strong>RPN Score in this case would be = 5 X 5 X 3 = 75<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-47c91ca e-flex e-con-boxed e-con e-parent\" data-id=\"47c91ca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e26e2f3 elementor-widget elementor-widget-text-editor\" data-id=\"e26e2f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Based on this, it is easy to see that the Conveyor Belt Sensor has a lower criticality rating when compared to the Pump Motor Bearing and the motor bearing should have a higher priority in spare part inventory and preventive maintenance planning.<\/p>\n<p>Quite a few software systems make use of RPN-based scores to ascertain criticality.<\/p>\n<p><strong>For Instance<\/strong>:<\/p>\n<p>In Infor EAM, you enter S, O, and D values for each part, and the system automatically calculates RPN and ranks parts accordingly.<br \/><br \/><strong>Implications on Maintenance Decision Making<\/strong><\/p>\n<ul>\n<li><strong>Inventory Strategy<\/strong>: Keep high RPN parts on-hand; low-RPN parts can be ordered as needed or the inventories can be reduced significantly<\/li>\n<li><strong>Maintenance Planning<\/strong>: Schedule Preventive Maintenance for high-RPN items<\/li>\n<li><strong>Procurement Management: <\/strong>Ensure quicker Turnaround Times for high RPN parts along with a multi-supplier options<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c59b453 e-con-full pointer e-flex e-con e-child\" data-id=\"c59b453\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b8446f7 elementor-view-stacked elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"b8446f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" 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36.397-21.572v-53.206c-7.824 5.613-19.162 10.517-33.222 14.4-25.71 7.143-61.115 11.565-100.091 11.565zm0-71.915c-38.976 0-74.353-4.422-100.091-11.565-14.06-3.883-25.398-8.759-33.222-14.4v53.234c0 7.625 13.918 15.307 36.397 21.543 24.69 6.86 58.961 11.083 96.917 11.083s72.227-4.224 96.917-11.083c22.479-6.236 36.397-13.918 36.397-21.543v-53.234c-7.824 5.641-19.162 10.517-33.222 14.4-25.71 7.143-61.115 11.565-100.091 11.565zm0-71.915c-38.976 0-74.353-4.394-100.091-11.537-14.06-3.912-25.398-8.787-33.222-14.4v53.206c0 7.654 13.918 15.335 36.397 21.572 24.69 6.832 58.961 11.083 96.917 11.083s72.227-4.252 96.917-11.083c22.479-6.236 36.397-13.918 36.397-21.572v-53.206c-7.824 5.613-19.162 10.488-33.222 14.4-25.71 7.144-61.115 11.537-100.091 11.537zm-166.167 92.523v18.68c0 2.948-1.899 5.442-4.762 6.208l-11.735 3.146c-1.417 5.045-3.43 9.978-6.038 14.655l6.066 10.488c1.474 2.551 1.049 5.698-1.021 7.767l-13.209 13.209c-2.098 2.098-5.216 2.494-7.767 1.021l-10.517-6.066c-4.677 2.608-9.581 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Scoring\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-abf1a67 elementor-widget elementor-widget-text-editor\" data-id=\"abf1a67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>Uses pre-defined criteria like operational impact, safety, cost, lead time, etc.<\/li>\n<li>Each criterion is weighted, normalized, and summed to produce an overall score.<\/li>\n<li>Pros: more flexible, can include non-FMEA criteria like supplier reliability or spare availability.<\/li>\n<\/ul>\n<p><strong>Practical Use:<\/strong><\/p>\n<ul>\n<li>A plant uses weighted scoring to rank all spare parts. <span style=\"color: #000080;\"><strong>Parts with scores above 80\/100 are labelled \u201ccritical,\u201d 50\u201379 \u201csemi-critical,\u201d below 50 \u201cnon-critical.\u201d<\/strong><\/span><\/li>\n<li>The system can then generate reports, dashboards, and alerts for critical parts.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dd4c61f e-con-full pointer e-flex e-con e-child\" data-id=\"dd4c61f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9a1b739 elementor-view-stacked elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"9a1b739\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  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6.208zm-40.507 9.354c0-23.102-18.709-41.811-41.811-41.811s-41.811 18.709-41.811 41.811 18.737 41.782 41.811 41.782 41.811-18.708 41.811-41.782zm-41.811-29.821c-16.469 0-29.792 13.351-29.792 29.821s13.323 29.792 29.792 29.792 29.821-13.323 29.821-29.792-13.351-29.821-29.821-29.821zm166.167-268.611v-18.681c0-2.976 1.927-5.471 4.762-6.208l11.735-3.146c1.417-5.046 3.43-9.978 6.066-14.655l-6.066-10.517c-1.502-2.551-1.077-5.669 1.021-7.739l13.209-13.209c2.069-2.098 5.188-2.494 7.739-1.021l10.517 6.066c4.677-2.608 9.581-4.649 14.655-6.066l3.118-11.735c.765-2.835 3.26-4.762 6.236-4.762h18.68c2.948 0 5.443 1.927 6.208 4.762l3.118 11.735c5.074 1.417 9.978 3.43 14.655 6.066l10.517-6.066c2.551-1.474 5.669-1.077 7.739 1.021l13.209 13.209c2.098 2.069 2.523 5.187 1.049 7.739l-6.066 10.517c2.608 4.677 4.62 9.609 6.038 14.655l11.735 3.118c2.863.765 4.762 3.26 4.762 6.236v18.681c0 2.948-1.899 5.442-4.762 6.208l-11.735 3.146c-1.417 5.046-3.43 9.95-6.038 14.627l6.066 10.517c1.474 2.551 1.049 5.669-1.049 7.767l-13.209 13.209c-2.069 2.069-5.188 2.494-7.739 1.02l-10.517-6.066c-4.677 2.608-9.581 4.621-14.655 6.038l-3.118 11.736c-.765 2.863-3.26 4.762-6.208 4.762h-18.68c-2.976 0-5.471-1.899-6.236-4.762l-3.118-11.736c-5.074-1.417-9.978-3.43-14.655-6.038l-10.517 6.066c-2.551 1.474-5.669 1.049-7.739-1.02l-13.209-13.209c-2.098-2.098-2.523-5.216-1.021-7.767l6.066-10.517c-2.636-4.677-4.649-9.581-6.066-14.627l-11.735-3.146c-2.835-.765-4.762-3.26-4.762-6.208zm40.507-9.354c0 23.102 18.737 41.811 41.811 41.811s41.811-18.709 41.811-41.811-18.709-41.811-41.811-41.811-41.811 18.737-41.811 41.811zm41.811 29.82c16.469 0 29.821-13.351 29.821-29.82s-13.351-29.792-29.821-29.792-29.792 13.323-29.792 29.792 13.323 29.82 29.792 29.82z\" fill-rule=\"evenodd\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t3. ABC Analysis\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f490db elementor-widget elementor-widget-text-editor\" data-id=\"9f490db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>ABC Analysis, which is commonly used as part of a broader <a href=\"https:\/\/www.verdantis.com\/spare-parts-classification\/\">value-based parts classification approach<\/a>, prioritizes parts based on financial consumption value.<\/p><p>ABC based analysis focus on Part Value\/Cost and Operational importance respectively and can be used independently or in combination.<\/p><p>Starting with ABC, the idea here is to prioritize inventory management based on consumption value.<\/p><ul data-start=\"3653\" data-end=\"4013\"><li data-start=\"3653\" data-end=\"3827\"><p data-start=\"3655\" data-end=\"3712\"><strong data-start=\"3655\" data-end=\"3672\">ABC Analysis:<\/strong> Based on financial consumption value.<\/p><ul data-start=\"3715\" data-end=\"3827\"><li data-start=\"3715\" data-end=\"3749\"><p data-start=\"3717\" data-end=\"3749\">A = High-Value, Low Quantity, Close control needed<\/p><\/li><li data-start=\"3752\" data-end=\"3790\"><p data-start=\"3754\" data-end=\"3790\">B = Medium-Value, Moderate-quantity. Moderate control<\/p><\/li><li data-start=\"3793\" data-end=\"3827\"><p data-start=\"3795\" data-end=\"3827\">C = Low-Value, high-quantity. Minimal control needed.<\/p><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c95778 elementor-widget elementor-widget-text-editor\" data-id=\"5c95778\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Continuing the same example:<\/p>\n<table>\n<thead>\n<tr>\n<td>\n<p><strong>Part<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Annual Usage Qty<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Unit Cost ($)<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Annual Consumption Value ($)<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>ABC Class<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p>Pump motor bearing<\/p>\n<\/td>\n<td>\n<p>10<\/p>\n<\/td>\n<td>\n<p>500<\/p>\n<\/td>\n<td>\n<p>5000<\/p>\n<\/td>\n<td>\n<p>A<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Conveyor belt sensor<\/p>\n<\/td>\n<td>\n<p>50<\/p>\n<\/td>\n<td>\n<p>50<\/p>\n<\/td>\n<td>\n<p>2500<\/p>\n<\/td>\n<td>\n<p>B<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Lubricant oil<\/p>\n<\/td>\n<td>\n<p>1000<\/p>\n<\/td>\n<td>\n<p>2<\/p>\n<\/td>\n<td>\n<p>2000<\/p>\n<\/td>\n<td>\n<p>C<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Here, Pump Motor bearing is high-value, \u201cA\u201d class which requires strict control and a safety stock maintained<\/p>\n<p>Lubricant Oil, on the other hand, is low-value, \u201cC\u201d class can be ordered in bulk with minimal monitoring.<\/p>\n<p>While ABC focused on financial impact, VED focuses on operational risk.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8c2f691 e-flex e-con-boxed e-con e-parent\" data-id=\"8c2f691\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-66bad3e e-con-full pointer e-flex e-con e-child\" data-id=\"66bad3e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eef9155 elementor-view-stacked elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"eef9155\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" viewBox=\"0 0 512 512\" data-name=\"Layer 1\"><path d=\"m254.625 220.496c-13.89 3.855-40.621 12.019-44.674 28.743l-.283 43.767h-185.726v-64.233c0-42.18 34.753-68.797 78.605-79.824 13.748 10.006 30.699 15.931 49.039 15.931s35.263-5.924 49.04-15.931c38.92 9.808 70.668 31.89 77.301 66.246-7.965 1.474-15.789 3.203-23.301 5.301zm-103.04-67.606c39.345 0 71.433-32.088 71.433-71.433s-32.087-71.433-71.432-71.433-71.433 32.088-71.433 71.433 32.088 71.433 71.433 71.433zm106.243 79.172c-22.479 6.236-36.397 13.918-36.397 21.543s13.918 15.335 36.397 21.572c24.69 6.86 58.961 11.083 96.917 11.083s72.227-4.224 96.917-11.083c22.479-6.236 36.397-13.918 36.397-21.572s-13.918-15.307-36.397-21.543c-24.69-6.86-58.932-11.083-96.917-11.083s-72.227 4.224-96.917 11.083zm96.917 210.019c-38.976 0-74.353-4.422-100.091-11.565-14.06-3.884-25.398-8.788-33.222-14.4v53.206c0 7.654 13.918 15.335 36.397 21.572 24.69 6.832 58.961 11.083 96.917 11.083s72.227-4.252 96.917-11.083c22.479-6.236 36.397-13.918 36.397-21.572v-53.206c-7.824 5.613-19.162 10.517-33.222 14.4-25.71 7.143-61.115 11.565-100.091 11.565zm0-71.915c-38.976 0-74.353-4.422-100.091-11.565-14.06-3.883-25.398-8.759-33.222-14.4v53.234c0 7.625 13.918 15.307 36.397 21.543 24.69 6.86 58.961 11.083 96.917 11.083s72.227-4.224 96.917-11.083c22.479-6.236 36.397-13.918 36.397-21.543v-53.234c-7.824 5.641-19.162 10.517-33.222 14.4-25.71 7.143-61.115 11.565-100.091 11.565zm0-71.915c-38.976 0-74.353-4.394-100.091-11.537-14.06-3.912-25.398-8.787-33.222-14.4v53.206c0 7.654 13.918 15.335 36.397 21.572 24.69 6.832 58.961 11.083 96.917 11.083s72.227-4.252 96.917-11.083c22.479-6.236 36.397-13.918 36.397-21.572v-53.206c-7.824 5.613-19.162 10.488-33.222 14.4-25.71 7.144-61.115 11.537-100.091 11.537zm-166.167 92.523v18.68c0 2.948-1.899 5.442-4.762 6.208l-11.735 3.146c-1.417 5.045-3.43 9.978-6.038 14.655l6.066 10.488c1.474 2.551 1.049 5.698-1.021 7.767l-13.209 13.209c-2.098 2.098-5.216 2.494-7.767 1.021l-10.517-6.066c-4.677 2.608-9.581 4.621-14.627 6.066l-3.146 11.735c-.765 2.834-3.26 4.762-6.208 4.762h-18.68c-2.976 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41.811-41.782zm-41.811-29.821c-16.469 0-29.792 13.351-29.792 29.821s13.323 29.792 29.792 29.792 29.821-13.323 29.821-29.792-13.351-29.821-29.821-29.821zm166.167-268.611v-18.681c0-2.976 1.927-5.471 4.762-6.208l11.735-3.146c1.417-5.046 3.43-9.978 6.066-14.655l-6.066-10.517c-1.502-2.551-1.077-5.669 1.021-7.739l13.209-13.209c2.069-2.098 5.188-2.494 7.739-1.021l10.517 6.066c4.677-2.608 9.581-4.649 14.655-6.066l3.118-11.735c.765-2.835 3.26-4.762 6.236-4.762h18.68c2.948 0 5.443 1.927 6.208 4.762l3.118 11.735c5.074 1.417 9.978 3.43 14.655 6.066l10.517-6.066c2.551-1.474 5.669-1.077 7.739 1.021l13.209 13.209c2.098 2.069 2.523 5.187 1.049 7.739l-6.066 10.517c2.608 4.677 4.62 9.609 6.038 14.655l11.735 3.118c2.863.765 4.762 3.26 4.762 6.236v18.681c0 2.948-1.899 5.442-4.762 6.208l-11.735 3.146c-1.417 5.046-3.43 9.95-6.038 14.627l6.066 10.517c1.474 2.551 1.049 5.669-1.049 7.767l-13.209 13.209c-2.069 2.069-5.188 2.494-7.739 1.02l-10.517-6.066c-4.677 2.608-9.581 4.621-14.655 6.038l-3.118 11.736c-.765 2.863-3.26 4.762-6.208 4.762h-18.68c-2.976 0-5.471-1.899-6.236-4.762l-3.118-11.736c-5.074-1.417-9.978-3.43-14.655-6.038l-10.517 6.066c-2.551 1.474-5.669 1.049-7.739-1.02l-13.209-13.209c-2.098-2.098-2.523-5.216-1.021-7.767l6.066-10.517c-2.636-4.677-4.649-9.581-6.066-14.627l-11.735-3.146c-2.835-.765-4.762-3.26-4.762-6.208zm40.507-9.354c0 23.102 18.737 41.811 41.811 41.811s41.811-18.709 41.811-41.811-18.709-41.811-41.811-41.811-41.811 18.737-41.811 41.811zm41.811 29.82c16.469 0 29.821-13.351 29.821-29.82s-13.351-29.792-29.821-29.792-29.792 13.323-29.792 29.792 13.323 29.82 29.792 29.82z\" fill-rule=\"evenodd\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t4. VED Analysis\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e14c82 elementor-widget elementor-widget-text-editor\" data-id=\"9e14c82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Regardless of cost, VED analysis is based on prioritizing spare parts based on criticality to operations.<\/p>\n<ul>\n<li><strong>V is Vital:<\/strong> Parts or consumables that are essential for production or safety. Cannot run without it.<\/li>\n<\/ul>\n<ul>\n<li><strong>E is Essential:<\/strong> Important but temporary workaround is possible<\/li>\n<li><strong>D is Desirable:<\/strong> Failure has minimal impact on operations<\/li>\n<\/ul>\n<div>\n<table>\n<thead>\n<tr>\n<td>\n<p><strong>Part<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Operational Impact if Failed<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>VED Class<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p>Pump motor bearing<\/p>\n<\/td>\n<td>\n<p>Production stops<\/p>\n<\/td>\n<td>\n<p>V<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Conveyor belt sensor<\/p>\n<\/td>\n<td>\n<p>Minor delay<\/p>\n<\/td>\n<td>\n<p>E<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Lubricant oil<\/p>\n<\/td>\n<td>\n<p>Low impact<\/p>\n<\/td>\n<td>\n<p>D<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b06c990 e-con-full pointer e-flex e-con e-child\" data-id=\"b06c990\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f4f300 elementor-view-stacked elementor-shape-circle elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"1f4f300\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" viewBox=\"0 0 512 512\" data-name=\"Layer 1\"><path d=\"m254.625 220.496c-13.89 3.855-40.621 12.019-44.674 28.743l-.283 43.767h-185.726v-64.233c0-42.18 34.753-68.797 78.605-79.824 13.748 10.006 30.699 15.931 49.039 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0-5.471-1.899-6.236-4.762l-3.118-11.736c-5.074-1.417-9.978-3.43-14.655-6.038l-10.517 6.066c-2.551 1.474-5.669 1.049-7.739-1.02l-13.209-13.209c-2.098-2.098-2.523-5.216-1.021-7.767l6.066-10.517c-2.636-4.677-4.649-9.581-6.066-14.627l-11.735-3.146c-2.835-.765-4.762-3.26-4.762-6.208zm40.507-9.354c0 23.102 18.737 41.811 41.811 41.811s41.811-18.709 41.811-41.811-18.709-41.811-41.811-41.811-41.811 18.737-41.811 41.811zm41.811 29.82c16.469 0 29.821-13.351 29.821-29.82s-13.351-29.792-29.821-29.792-29.792 13.323-29.792 29.792 13.323 29.82 29.792 29.82z\" fill-rule=\"evenodd\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\t5. Combined ABC-VED Matrix\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37e4233 elementor-widget elementor-widget-text-editor\" data-id=\"37e4233\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"4048\" data-end=\"4163\">Cross-referencing financial importance and operational impact creates a robust spare parts criticality framework.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6b5cc20 e-flex e-con-boxed e-con e-parent\" data-id=\"6b5cc20\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7d2fa0e elementor-widget elementor-widget-image\" data-id=\"7d2fa0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"609\" src=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1716_Spare-Parts-Priority-Chart_remix_01k453vgtsee3reddp7td7vzkj-e1756814111479-1024x779.png\" class=\"attachment-large size-large wp-image-37451\" alt=\"ABC-VED matrix showing spare parts criticality\" srcset=\"https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1716_Spare-Parts-Priority-Chart_remix_01k453vgtsee3reddp7td7vzkj-e1756814111479-1024x779.png 1024w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1716_Spare-Parts-Priority-Chart_remix_01k453vgtsee3reddp7td7vzkj-e1756814111479-300x228.png 300w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1716_Spare-Parts-Priority-Chart_remix_01k453vgtsee3reddp7td7vzkj-e1756814111479-768x584.png 768w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1716_Spare-Parts-Priority-Chart_remix_01k453vgtsee3reddp7td7vzkj-e1756814111479-16x12.png 16w, https:\/\/www.verdantis.com\/wp-content\/uploads\/2025\/08\/20250902_1716_Spare-Parts-Priority-Chart_remix_01k453vgtsee3reddp7td7vzkj-e1756814111479.png 1275w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ed2bfe elementor-widget elementor-widget-heading\" data-id=\"0ed2bfe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"practical-applications\">Practical Applications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dc3f89a e-flex e-con-boxed e-con e-parent\" data-id=\"dc3f89a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03ad076 elementor-widget elementor-widget-text-editor\" data-id=\"03ad076\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li data-start=\"4199\" data-end=\"4333\">\n<p data-start=\"4202\" data-end=\"4238\"><strong data-start=\"4202\" data-end=\"4236\">Optimized Inventory Management<\/strong><\/p>\n<ul data-start=\"4242\" data-end=\"4333\">\n<li data-start=\"4242\" data-end=\"4280\">\n<p data-start=\"4244\" data-end=\"4280\">Reduces unnecessary holding costs.<\/p>\n<\/li>\n<li data-start=\"4284\" data-end=\"4333\">\n<p data-start=\"4286\" data-end=\"4333\">Minimizes risk of stockouts for vital spares.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"4335\" data-end=\"4484\">\n<p data-start=\"4338\" data-end=\"4373\"><strong data-start=\"4338\" data-end=\"4371\">Improved Maintenance Planning<\/strong><\/p>\n<ul data-start=\"4377\" data-end=\"4484\">\n<li data-start=\"4377\" data-end=\"4432\">\n<p data-start=\"4379\" data-end=\"4432\">Ensures preventive maintenance for high-risk parts.<\/p>\n<\/li>\n<li data-start=\"4436\" data-end=\"4484\">\n<p data-start=\"4438\" data-end=\"4484\">Aligns inventory with maintenance schedules.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"4486\" data-end=\"4628\">\n<p data-start=\"4489\" data-end=\"4515\"><strong data-start=\"4489\" data-end=\"4513\">Procurement Strategy<\/strong><\/p>\n<ul data-start=\"4519\" data-end=\"4628\">\n<li data-start=\"4519\" data-end=\"4565\">\n<p data-start=\"4521\" data-end=\"4565\">Builds resilience with multiple suppliers.<\/p>\n<\/li>\n<li data-start=\"4569\" data-end=\"4628\">\n<p data-start=\"4571\" data-end=\"4628\">Prioritizes contracts for long-lead or high-RPN spares.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"4630\" data-end=\"4778\">\n<p data-start=\"4633\" data-end=\"4663\"><strong data-start=\"4633\" data-end=\"4661\">Risk Management &amp; Safety<\/strong><\/p>\n<ul data-start=\"4667\" data-end=\"4778\">\n<li data-start=\"4667\" data-end=\"4722\">\n<p data-start=\"4669\" data-end=\"4722\">Directly ties into compliance and workforce safety.<\/p>\n<\/li>\n<li data-start=\"4726\" data-end=\"4778\">\n<p data-start=\"4728\" data-end=\"4778\">Reduces unplanned outages and operational risks.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6003556 elementor-widget elementor-widget-heading\" data-id=\"6003556\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\" class=\"elementor-heading-title elementor-size-default\" id=\"conclusion-future-outlook\">Conclusion: Future Outlook<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7acfe13 e-flex e-con-boxed e-con e-parent\" data-id=\"7acfe13\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b9b6a80 elementor-widget elementor-widget-text-editor\" data-id=\"b9b6a80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"257\" data-end=\"535\">The future of spare parts criticality analysis is moving beyond static classifications. Organizations are shifting toward dynamic criticality assessment, where spare parts are reclassified in real-time based on actual usage patterns, equipment condition, and failure data.<\/p><p data-start=\"537\" data-end=\"892\">With Verdantis\u2019 AI-powered solutions-including <strong><em data-start=\"588\" data-end=\"599\">Harmonize<\/em><\/strong> for data cleansing, <strong><em data-start=\"620\" data-end=\"631\">Integrity<\/em><\/strong> for governance, and <strong><em data-start=\"652\" data-end=\"666\">MRO360<\/em><\/strong> for real-time inventory visibility-enterprises can move toward smarter spare parts strategies.<\/p><p data-start=\"537\" data-end=\"892\">Verdantis AI agents further enhance this by continuously monitoring and reclassifying parts, ensuring proactive decision-making.<\/p><p data-start=\"894\" data-end=\"1063\">This data-driven approach empowers organizations to minimize downtime, reduce costs, improve supply chain resilience, and unlock more intelligent maintenance planning.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Explore how critical spare parts are classified and prioritized in MRO and maintenance processes, along with best practices for managing their supply chains.<\/p>\n","protected":false},"author":4,"featured_media":37463,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[64],"tags":[309],"class_list":["post-37420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-eam-mro"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/posts\/37420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/comments?post=37420"}],"version-history":[{"count":16,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/posts\/37420\/revisions"}],"predecessor-version":[{"id":42609,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/posts\/37420\/revisions\/42609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/media\/37463"}],"wp:attachment":[{"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/media?parent=37420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/categories?post=37420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.verdantis.com\/wp-json\/wp\/v2\/tags?post=37420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}