Various organizations in the Oil & Gas, Utility as well as Manufacturing industries, apart from others, execute large projects (Major Projects) which involves the supply and installation of a large quantity of new equipment by the EPC Contractor. The Contractor, along with their vendors, is responsible to provide the organization with all specification details of the supplied equipment including their bill of material (spare parts) that the organization needs to stock in their inventory for smooth operation of these supplied equipment. Contractor is also responsible to provide the complete specification of these recommended spare parts along with the recommended quantities that an organization should stock for equipment maintenance. This poses as a major challenge for the organizations to ensure that they do not create duplicate records in their inventory catalog when onboarding the spare parts from the contractor against a project.
Digital Spare Parts Interchangeability Record (D-SPIR) is a fully digitized, centralized and integrated solution to collect, validate and eliminate duplicate spare parts data before it merges with the primary inventory catalog of an organization.