SPARETECH develops a collaboration-platform for manufacturing companies to digitize their inventories of spare parts, calculate their real demand, compare parts from different suppliers and source the appropriate part outside or within their production network. "COLLABORATION-PLATFORM FOR SPARE PART MANAGEMENT" SPARETECH provides a holistic spare part database with integrated machine learning to increase machine uptime and lower costs. The software matches client's spare part lists to the product database and creates standardized data sets for ERP-systems. The data is enriched with technical specifications to improve comparability, which enables the customer to leverage sourcing and usage within production network. Maintaining the data is no longer required by the client, as SPARETECH provides product updates (e.g. discontinued parts) and alternative sourcing possibilities