Use Case | MRO Inventory Optimization for Oil & Gas
Verusen’s AI helps Oill & Gas enterprises identify significant working capital optimization & risk reduction opportunities
10-20%
Average working capital reduction
$20M
Average cost avoidance/savings
2-3X
Guaranteed return on investment
30 Days
Kick-off length (no data cleanse!)
Average Customer Results & Use Cases
- Average of 10-20% of working capital optimization
- Consolidating MRO data into a single location instead of multiple, disparate ERPs/EAMs
- Optimizing working capital across all sites while reducing downtime
- Reduce excess inventory and spend across project sites
- Easily locate parts and materials with an easy to use tool
- Drive consistency in MRO inventory procurement & management processes
- 90 day onboarding using existing MRO inventory data
Common Industry Challenges
- Fluctuating prices and demand
- Tied up working capital hindering cash flow
- Exponential growth of data feeds
- Constant change in global markets
- Pressure to reduce cost without impacting production
- Rapidly changing technololy requirement
Verusen's Approach to MRO Inventory Optimization
With Verusen’s purpose-built MRO inventory optimization solution, customers gain the true visibility they needed into their MRO materials and asset spares across multiple global sites, enabling them to drive organizational alignment and engineered reliability. Verusen’s AI uses your organization’s MRO inventory data “as is,” eliminating the need for a traditional data cleanse to achieve unmatched results.
The AI-powered platform identifies cost saving and cost avoidance opportunities that allows customers to more strategically purchase MRO materials, establish material critcality prioritization, and reduce the risk of asset downtime.
Watch This 3 Minute Demo to Learn More
