Insight
Smart Inventory Forecasting Reduces Costs and Prevents Downtime
Accurately predicting demand, automating reorders, and unlocking working capital by right-sizing inventory levels—ensuring availability without overstocking.
Optimize inventory levels of materials, spare parts, and consumables. Enhance demand forecasting accuracy to align supply with operational needs.
Inventory Segmentation
Classified items based on criticality, lead time, and cost, enabling more nuanced stocking policies.
Real-Time Dashboards
Gave operators immediate visibility into production quality metrics, enabling rapid adjustments.
Automated Reorder Triggers
Created dynamic safety stock thresholds and reorder points adjusted by AI predictions.
User-Friendly Dashboards
Provided planners with clear visual insights into stock levels, forecast trends, and recommended actions.
Achieved Results
01
Balanced inventory levels lowered emergency orders and carrying costs by double-digit percentages.
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Predictive insights ensured essential parts were available, minimizing line stoppages.
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Automated reorder triggers adapted to changes in demand or supplier lead times.
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Right-sizing stock released tied-up capital for other strategic investments.
The Real-World Challenge That Drove Our AI Breakthrough
Our journey began with a real-world need—something no off-the-shelf solution could fix. This complexity pushed us to design a tailored AI model capable of adapting to unpredictable variables in dynamic environments.
Multiple vendors had varying lead times and reliability.
Inconsistent item naming conventions and scattered consumption records.
Planners were accustomed to buffer-based stocking to “be safe.”
Approaches
Standardized item coding and integrated historical consumption data into a single repository.
ML Model Development: Tailored forecasting models to different item categories (e.g., critical spares vs. consumables).
Ran parallel tests comparing AI-driven reorder recommendations to existing practices.
Demonstrated tangible cost savings to foster wider adoption among procurement and operations teams.
Benefits & Outcomes
01
Better alignment of supply with real demand.
02
Freed significant working capital previously locked in excess stock.
03
Fewer production delays caused by stock shortages.
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