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Spare parts are an outgrowth of the industrial development of interchangeable parts and mass production.

A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or refurbishment of failed units/equipment. Spare parts are an important feature of logistics engineering and supply chain management, often comprising dedicated spare parts management systems.

In an industrial environment, spare parts are described in several manner to distinguish key features of various spare parts.  The following describes spare part types and their typically functionality.