Use Case | Fortune 500 Energy Provider
Verusen Platform & Energy Provider Verified $20M+ in savings
opportunities in 45 days
$40M
Identified savings opportunities in <45 days
50%
Working capital reduction in < 1 year
$20M
Verified savings opportunities in <90 days
100%
Capability to audit all material inventories
Our Client
Fortune 500 energy company that provides gas and electric services to residential and commercial properties
Key Business Needs
- Experienced significant growth through M&A activity, resulting in a lack of visibility into materials inventory.
- Unable to optimize inventory and eliminate excess working capital, they needed a solution that combines data and inventory optimization into a single platform.
Business Challenge
- Consolidate business unit data
- Ability to audit part inventory reviews
- Harmonize & structure data
- Analyze historical data
- Enable actionable insights
.
Solution
Bypassing a lengthy and costly data harmonization project, Verusen quickly provided a single view of inventory across all business units.
This unified view helped the organization to better achieve and optimize the economies of scale desired from their M&A growth strategy, identifying over $40M in savings opportunity.
This unified view helped the organization to better achieve and optimize the economies of scale desired from their M&A growth strategy, identifying over $40M in savings opportunity.
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“Verusen created our intelligent, self-learning materials management solution to transform our future supply network.“
- Top 10 Energy Supply Chain Executive