Optimizing Procurement Decisions for a Global Petro-Chemical Manufacturing Company
Client Overview
A Fortune 3 multinational chemical manufacturing company in Saudi Arabia, managing complex procurement operations for raw materials across multiple production facilities.
Business Challenge
Inaccurate demand forecasting, volatile raw material prices, and manual procurement processes resulted in inefficient planning, last-minute purchases, and increased costs.
Solution Impact
Accurate demand and price predictions using cutting-edge AI/ML models
Reduced urgent orders from 13% to 3%
Improved Bill of Materials (BOM) ratios and standardized Units of Measure (UOM)
Integration of internal and external data sources for enhanced forecasting
Seamless alignment with supply chain and production constraints
Our Approach
Genesis AI implemented an AI-powered solution comprising advanced machine learning models for precise demand sensing, price forecasting, and order optimization. The solution also included inventory modeling, proactive alerting, and user-friendly visualization tools.
USD 91.5 Million
Annual savings of USD 91.5 Million
Contact Us to Learn More About AI Solutions
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
