Balancing Supply and Demand for Optimal Raw Material Inventory Levels
Client Overview
Fortune 3 petrochemical company facing challenges in maintaining optimal inventory levels across multiple production facilities.
Business Challenge
Inefficient inventory management led to high carrying costs, occasional stockouts, and underutilized working capital.
Solution Impact
8-10% reduction in inventory carrying costs
Optimized working capital utilization
Improved supply chain responsiveness to demand fluctuations
Automated computation of safety stock levels and reorder points
Analysis of inventory hold days and inventory turnover ratio (ITR)
Implementation of advanced inventory classification techniques
Enhanced inventory planning and stock utilization strategies
Our Approach
Developed an AI-powered inventory modeling and optimization system that dynamically manages inventory levels, aligning supply with demand fluctuations.
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
