Purpose-built inventory optimization for MRO
Power & Utilities Provider Verifies $29.7M+ in inventory reduction
$29.7M
Verified inventory reduction
50%
Working capital reduction in < 1 year
45,700
Materials reviewed in one platform
100%
Capability to audit all material inventories
The Client
Top 3 U.S. power and utility company that provides gas and electric services to residential and commercial properties
The Key Business Needs
- Visibility to MRO inventory materials in a single platform
- Consolidate business unit data from M&A activity
- Ability to audit part inventory reviews
- Harmonize inventory data across facility network
- Update outdated stocking policies
- Identify duplicate materials to remove excess holding costs
- Enable the establishment of approval workflows
The Business Challenges
- Significant growth through M&A left them with multiple systems, data challenges and a lack of visibility to materials
- Unable to optimize inventory and eliminate excess working capital
- Existing tech stack could not indicate which materials needed review and the value on-hand
- Ability to create inventory review and approval workflows to eliminate inefficient information sharing through email, shared folders, and meetings
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The Solution
Eliminating the need for a lengthy and costly data cleanse project, Verusen’s purpose-built platform quickly provides a single view of MRO inventory across all business units for ongoing optimization opportunities.
This unified view helps the organization to better achieve and optimize the economies of scale desired from their M&A growth strategy, identifying over $29.7M in verified savings opportunity through inventory deduplication, revamped stocking policies, and network sharing opportunities.