Important Things You Should Know
QUESTIONS & ANSWERS
Got questions? We’ve compiled a list of the most common inquiries to help you understand how Cospare works, how it can optimize your spare parts management, and how it supports your business operations. If you need more information, feel free to reach out to our team!
Q&A
Frequently Asked Questions
Q & A
Cospare is a platform designed to help manufacturers reduce downtime by connecting them with nearby companies that have spare parts available. Users can search for components, see what’s in stock at neighboring facilities, and arrange to borrow or purchase parts as needed.
Cospare operates on a subscription model with a minimal monthly fee. This fee provides access to the platform and its features, allowing you to find and exchange parts efficiently. Additional revenue streams may include advertising and premium features in the future.
Cospare supports a wide range of electrical and electronic components, including those from major brands like ABB, Siemens, Schneider, and Eaton. You can list any standard parts that are interchangeable or commonly used in your industry.
Yes, you can manage and update your inventory directly through the Cospare platform. This allows you to keep your available parts up-to-date and facilitates efficient matching with other manufacturers’ needs.
Upon receiving the data, our team will curate it to match coSpare’ format. Every item will receive a unique coSpare ID. Then the data will be integrated to our database anynomously. So that only part information (e.g. part number, brand…etc ) are shown in addition to the city where the plant is. Only coSpare members company will have access to the database.
After the communication is established between the parties (the requester and the provider), both parties agreed on the form they are comfortable with. A provider can sell the part to the requester, rent it for a fee, lend it without a fee or any other format. coSpare encourages both parties to decide on the best format that relieves the requester emergency asap.
Cospare can reduce your downtime significantly by providing quick access to spare parts, potentially saving you from costly production halts. It also fosters collaboration with other manufacturers, encourages the reuse of parts, and supports more sustainable practices.
To join Cospare, you can fill out the registration form on our website or contact our sales team directly. We will guide you through the onboarding process, including setting up your account and integrating your inventory.
Cospare prioritizes security and ensures that all transactions and communications on the platform are protected. We use industry-standard encryption and data protection practices to safeguard your information and transactions.
Our support team is available to assist you with any issues or questions you may have. You can reach out through our contact form, email, or phone, and we will provide timely and effective support to ensure your experience with Cospare is smooth.
The request will reach coSpare Team first. Upon receiving a request, our team will contact you (the owner of the spare part) to confirm two things: 1) The part is available 2) Your readiness to share. Upon confirmation, coSpare Team will connect the two parties to carry out the transaction.
Yes. CoSpare Team is available 24/7 and members companies provide several contacts from their team to ensure 24/7 availability for the member to act as a provider.