03.07.2024 - Berlin, Germany —  Sparrow Networks GmbH has announced that its spare parts management software is now in use in over 100 locations across Europe, Africa, North America, and South America.

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This recent growth has also helped Sparrow secure another round of investment from existing investors that will allow the company to expand its team while adding additional features to its product. Specifically, the funding will be used to further invest in AI and software development. 

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This growth is attributed to the positive return on investment (ROI) customers have experienced, which has encouraged many to scale the solution across their global operations. As a result, Sparrow is now recognized as one of the leading global players in the spare parts management industry.

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Sparrow works closely with individual stakeholders at various facilities, as well as larger corporate entities, to address complex multi-plant spare parts needs. Throughout this process, the company has received positive feedback and used the knowledge gained to continuously improve its product.

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Meir Veisberg, CEO and Founder, stated, "We are extremely proud and grateful to have users in over 100 plants using our products. We believe that Sparrow's platform significantly improves all aspects of spare parts management, and our users are voting with their clicks. 

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But, this is just the beginning. We plan to significantly expand our customer base in the coming years. The Sparrow platform will continue to improve as we introduce new features that integrate our strengths in AI, user experience, and data."

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The company currently offers four main products: 

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• Sparrow.Clean:  Cleans and manages spare parts data using original manufacturers' catalogs and machine learning algorithms.
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• Sparrow.Plan:  Multiple data points and supplier information help Sparrow recommend optimal inventory levels to eliminate overstocking and minimize downtime.
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• Sparrow.Stock:  Easy-to-use software that makes it easy to find and manage items across multiple warehouses. Includes inventory alerts, AI-powered search, and a complete view of your inventory. 
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• Sparrow.Pool:  Easily share, source, and sell parts with our network that seamlessly connects operators, manufacturers, and distributors.

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About Sparrow Networks GmbH

Sparrow Networks GmbH (Sparrow.Parts) is a Software as a Service (SaaS) platform for optimizing spare parts management. The platform simplifies data cleaning, inventory management and inventory planning of spare parts. The software is powered by machine learning algorithms and manufacturers’ catalogs to clean, analyze, and manage spare parts data. Currently, Sparrow.Parts supports operations in over 100 locations worldwide, improving the efficiency and accuracy of enterprise spare parts logistics.

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