Case Study: Fortune 500 Industrial Equipment Manufacturer

Verusen helps leading Industrial Equipment manufacturer identify $20.9M in savings opportunities without increasing risk

$20.9M

Identified reduction opportunities

$55K/hr

Verified reductions in first 6 months

~2000

Materials identified at risk of stockout

800+

Material stocking policies updated

Our Client

One of the world’s leading manufacturers of industrial equipment and machinery

Key Business Needs

  • Identify duplicate materials and excess spare parts
  • Right size inventory stock levels through improved data standardization practices 
  • Reduce supply risk and assure supply to support facility reliability (i.e improve OEE)
  • Ensure lowest total cost of ownership for MRO materials supporting manufacturing

Business Challenge

  • Multiple ERP instances lead to disjointed management processes
  • Decentralization allowed for unstandardized data practices
  • Little to no inventory visibility across multiple sites
  • Inability to identify duplicate materials and excess materials
  • Procurement lacked insights to effectively manage spend

Solution

Verusen’s AI-powered MRO optmization inventory platform harmonized MRO data in a single platform from multiple  systems simultaneously.
Additionally, our client was able to establish cross site visibility to on hand inventory. This has allowed them to review over 3000 potential duplicate materials. The company has established cost savings and cost avoidance opportunties by revamping outdated stocking policies across sites. 

Watch This 3 Minute Demo to Learn More

"

“It gives me everything I need in one place to review stocking levels, and I don't have to manage multiple screens. It's exactly what I need.“
- Maintenance Engineer

The Verusen
Comparison