Spare parts management has long lived in the shadow of production planning, maintenance strategy, and procurement optimisation. But that is changing quickly.

In March 2023, Stena Recycling opened a state-of-the-art battery recycling facility in Halmstad, a small city on Sweden’s west coast. Now the real work began for the company’s maintenance staff. How do you conduct maintenance in a brand-new industry?

As global production continues to expand, industrial companies face a growing paradox: more assets to maintain, but fewer skilled technicians available to do the work.

Industrial AI will not transform maintenance on its own. According to Martin Lundqvist, CEO of Arundo Analytics, lasting value comes when companies manage AI with the same discipline they already apply to their most critical assets.

Ask any asset manager or reliability engineer about the biggest hurdle in developing effective asset integrity management programmes, and the honest answer is rarely a shortage of standards or software.