Sabira Lakhani and Jack Reinke with Sparetech

Scott MacKenzie hosts the Industrial Talk podcast, sponsored by CAP Logistics, celebrating industry professionals. At the SMRP event in Fort Worth, he interviews Sabira Lakhani and Jack Reinke from Sparetech. Sabira, VP of Product, discusses their technology for reusing commercial furniture and lab equipment, aiming to reduce waste and costs. Jack, an account executive, highlights their software for managing spare parts, reducing downtime by providing transparency on inventory. They discuss the importance of innovation, overcoming tribal knowledge barriers, and the role of AI in future industry solutions. Spirit Tech's software can be deployed in weeks, offering significant savings through data consolidation and improved efficiency.

Action Items

• [ ] Connect with Jack Reinke on LinkedIn.
• [ ] Connect with Sabira Lakhani on LinkedIn.

Outline

Introduction and Welcome to Industrial Talk Podcast

• Scott MacKenzie introduces the Industrial Talk podcast, sponsored by CAP logistics, emphasizing the importance of 24/7 insights into supply chains.
• The podcast aims to celebrate industry professionals and their contributions to solving global problems.
• Scott MacKenzie welcomes listeners to the event, SMRP, held in Fort Worth, Texas, highlighting its significance for asset management, reliability, and maintenance professionals.
• Scott introduces the guests, Sabira and Jack from Spirit Tech, and expresses excitement about their participation in the podcast.

Guest Introductions and Backgrounds

• Sabira introduces herself as the VP of Product at Sparetech, new to the company but with a background in circular economy technology focused on reusing commercial furniture and lab equipment.
• Jack introduces himself as an account executive at Sparetech, the first US employee, and shares his background in manufacturing and commercial printing.
• Scott MacKenzie discusses the importance of inspiring the next generation of industry leaders and the challenges of communicating the value of innovation within the industry.
• Sabira and Jack share their thoughts on the need for a culture of innovation and the importance of bridging the gap between old and new technology.

Challenges in Industry and Technology Adoption

• Scott MacKenzie emphasizes the need for better communication and understanding of the importance of innovation within the industry.
• Jack discusses the challenges of confidence and communication among industry professionals, especially when it comes to new technology.
• Sabira highlights the importance of creating a scalable way to pass on tribal knowledge within the industry.
• The conversation touches on the need for industry professionals to adapt to new technology and the importance of making technology user-friendly and accessible.

Sparetech's Solution and Value Proposition

• Sabira explains Spirit Tech's focus on eliminating downtime in factories by providing transparency on spare parts data.
• Jack discusses the challenges of maintaining accurate inventory data and the importance of preventing the creation of duplicate parts.
• Scott MacKenzie inquires about the company's ability to integrate with existing systems like CMMS and ERPs, and Jack explains the flexibility of their solution, including manual file exchange for initial data uploads.
• Sabira and Jack discuss the potential savings and efficiency gains from using Spirit Tech's solution, including avoiding unnecessary spend and improving team effectiveness.

Future of Technology and Industry Innovation

• Sabira shares her vision of future technology, including the use of VR glasses to provide real-time data and insights in storerooms.
• Scott MacKenzie shares an example of VR technology used in another event, highlighting the potential of such technology in the industry.
• Sabira and Jack discuss the role of AI in standardizing and searching data, and the importance of connecting the dots in the industry for better decision-making.
• The conversation touches on the potential for AI to provide transparency in spare parts data, including where to buy and sell parts, and the importance of real-time decision-making.

Deployment and Implementation of Sparetech's Solution

• Jack explains the fast deployment time of Sparetech's solution, typically taking weeks rather than months.
• Scott MacKenzie emphasizes the importance of stability and ongoing value in inventory management and spare parts solutions.
• Sabira and Jack discuss the recurring value of their solution in preventing the creation of bad data and ensuring accurate spare parts data.
• The conversation highlights the importance of process and discipline in maintaining accurate inventory data and the role of software in supporting these efforts.

Conclusion and Contact Information

• Scott MacKenzie wraps up the conversation, emphasizing the importance of inspiring the next generation of industry leaders.
• Sabira and Jack provide their contact information, including LinkedIn profiles, for listeners interested in learning more about Spirit Tech.
• Scott encourages listeners to reach out to Sabira and Jack and to stay tuned for more conversations from the SMRP event.
• The podcast concludes with a reminder of the importance of inspiring the next generation and the role of industry professionals in driving innovation and efficiency.