With transparent, finance-first policies built on a proven risk model, backed by 120+ years of combined experience, RiskSpare enables your organisation to understand the most cost-effective approach to managing spares.
Trusted by maintenance and reliability teams in utilities, aviation, logistics, and public infrastructure across multiple countries.
Experience-backed, risk-based spares decisions that free cash, reduce surprises, and maintain service with audit-ready governance.
RiskSpare keeps it simple: we import your data, standardise it, classify parts by criticality, and deploy policies without disrupting current processes.
Achieve lower total costs, faster onboarding, auditable decisions, confident scenarios, and scalable portfolio optimisation with RiskSpare.
| Key Features | Software A | Software B | Software D | RiskSpare |
|---|---|---|---|---|
|
Total-cost engine
(optimise all spares-related costs)
|
✔ | |||
|
Outage risk model
(predict downtime from missing spares)
|
✔ | |||
|
Scenario ranges
(best/likely/worst-case outcomes shown)
|
✔ | ✔ | ||
|
Portfolio/budget optimiser
(spend limited budget for impact)
|
✔ | ✔ | ||
|
Write-off horizon analysis
(avoid buying parts before obsolescence)
|
✔ | ✔ | ||
|
Expedite cost logic
(weigh faster delivery versus downtime cost)
|
✔ | |||
|
Audit-ready versioning
(track decisions with full history)
|
✔ | ✔ | ||
|
Exception next-best actions
(suggest fixes when issues arise)
|
✔ | ✔ | ||
|
Fast spreadsheet onboarding
(upload data and start quickly)
|
✔ | ✔ | ✔ |
See what your dashboard could look like: clean, intuitive, and built for quick decisions, turning your data into clear, lowest-cost spares actions in minutes.
You typically need 6–12 months of demand history, supplier lead times, part criticality, and approximate downtime cost or SLA penalties. We provide templates and onboarding support to close gaps.
Yes. The modelling uses Bayesian, or empirical smoothing and scenario bounds to handle low-signal SKUs responsibly.
RiskSpare supports straightforward data ingestion from common spreadsheet formats. We provide clear templates and guidance to help you prepare and upload your data efficiently, ensuring a smooth transition from your existing spreadsheets into the RiskSpare platform.
Yes, a license agreement is required to use RiskSpare. We provide this agreement, outlining the terms of service and usage.
Your data will be securely held in our data centres located in the Kingdom of Saudi Arabia. For clients with specific data residency requirements, alternative data storage solutions can be discussed to meet your needs.
That’s okay. We start with what’s available, use smoothing and proxy estimates for missing fields (e.g., lead times, criticality, downtime cost), and flag assumptions for review. Data templates and onboarding support help close gaps; where proxies are used, results are clearly marked and updated as better data becomes available.
The Starter Assessment usually delivers results within 24–48 hours after data receipt. Weekly and monthly cadences include scheduled refreshes.
Yes. You can apply a budget cap and prioritize by risk exposure to produce a buy list aligned to financial limits.
Export ready-to-load files for your EAM and follow the included implementation checklist. Our team can assist with validation and governance.