The firm identified $2 million of verified inventory reduction opportunities by grouping the various facilities using our company’s Trusted Network capabilities. Grouping these facilities gave the manager an in-depth opportunity to integrate a materials strategy in which lightly used materials could be right-sized in a virtual hub and spoke model instead of stocked at each facility. The inventory manager group had run scenarios for facilities using similar assets in the enterprise, including breweries, canning, and bottling facilities. However, the enterprise required a suitable way to gauge and share inventory levels. However, in her work, the manager found that the company had much more inventory in some facilities and needed more in others. This manager works for a major beverage firm and has responsibility for all North American MRO materials being available for the company that lives across multiple ERP instances. Optimizing Supply NetworksĪnother example of a hero who used the latest AI technologies is a supply chain professional responsible for inventory optimization. Better yet, trust has been built, risk of downtime has been reduced and SLA and OTIF levels have dramatically increased, creating higher customer satisfaction and loyalty levels. The regional manager is now operationally aware of how to beat an unplanned outage. They now can save 90% of their time spent making phone calls and sending emails to optimize spare parts. Using the insights from the search capability, the team became heroes, solving the outage quickly. The production line was restored in 3 days, rather than the one-month timeframe they would have faced without the solution's material search features. He called the plant directly and had the part overnighted. The manager looked up a part description to see if it existed in the network and found the part at four other sister locations within its network.
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