Production Planning and Inventory Management

A global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes.

Problem Statement

The company faced challenges in production planning and inventory management, including inaccurate demand forecasting, inefficient production scheduling, and high inventory levels. They needed a solution that could help them optimize their production planning and inventory management processes.

Our Solution

  • We used AI to analyze historical sales data and external factors to improve demand forecasting accuracy.
  • Our solution implemented AI to optimize production scheduling by analyzing production capacity, material availability, and labor resources.
  • We optimized inventory levels by analyzing demand forecasts, production schedules, and inventory levels.

Business Benefits

  • Demand forecasting solution improved demand forecasting accuracy by 15%, reducing the risk of overstocking or stockouts.
  • The AI-powered production scheduling solution increased production efficiency by 12%, reducing production downtime and improving product quality.
  • Our inventory management solution reduced inventory levels by 8%, reducing inventory costs and improving cash flow.
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