Holding every spare is impractical; holding none is risky. A balanced strategy keeps your most critical assets covered without tying up unnecessary capital.

Start with criticality analysis. Rank assets by impact on production, safety and compliance. Bespoke fabrication or long-lead components deserve immediate attention.

Review historical failure rates and supplier lead times. Where lead times exceed your acceptable outage window, carry stock or pre-arrange rapid manufacture.

Store parts correctly and audit them regularly. A shelf-full of corroded bearings is no use in an emergency. Partnering with a workshop that can machine spares on demand gives you an extra safety net.