Parts inventory management is one of the most complex aspects of running a profitable workshop. This complexity continues to increase further with a. Frequent launch of new models / variants resulting in continual increase in serviceable parts list. b. Unique behavior of each part on it's consumption pattern and supply side reliability c. Limitation posed by standard inventory management platforms and Human Minds managing the order planning. We completely understand that each workshop is different from others when it comes to fixing right parts stock norms. Depending on factors like a. Brand, b. Age of workshop c. Nos. of mother-child warehouse in a multi-workshop entity d. demand and supply side variability, e. Parts team quality etc, the stocking norms for each part must vary for optimized use of working capital. SPARECARE's SIMS (Smart Inventory Management System) framework is an advanced set of statistical modeling which answers 2 most critical question for each workshop considering 21 customised factors - Which parts to be stocked & How much quantity of such parts to be kept. Sparecare is not an Inventory Management Software or just a consulting organisation. We work as an extended arm of Dealer’s Spare Parts Team working very closely day in day out to execute scientific ordering to OEMs. “Sparecare has been like my THIRD EYE for parts business” – a sentiment commonly shared by all our client partner workshop owners. With our deep understanding of key lead & lag parameters impacting overall efficiency & profitability of parts business; we always felt that more granular KPIs and actionable MIS is needed for Dealer Owners to effectively track and review their parts business. At Sparecare we have developed an unique tech S.C.O.P.E through which we provide a 360 view on entire parts operations to dealer owners. Going beyond periodic MIS sharing, our team closely works with dealer parts team in improving upon all KPIs.