Ensuring Operational Continuity through AI-Driven MRO Management
Client Overview
A global petrochemical manufacturer facing challenges in managing Maintenance, Repair, and Operations (MRO) inventory effectively.
Business Challenge
Difficulty in planning MRO demand led to overstocking of some items and critical shortages of others, impacting operational efficiency and costs.
Solution Impact
30% reduction in overall MRO inventory holding costs
50% decrease in stockouts of critical MRO items
20% improvement in MRO inventory turnover rate
Accurate categorization of MRO items based on demand patterns
Improved demand forecasting for each MRO category
Optimized inventory levels for different types of MRO materials
Our Approach
Developed an AI-based system for MRO demand estimation, Developed an AI-based system for MRO demand estimation, categorizing materials into fast-moving, slow-moving, and redundant items, and applying specialized forecasting techniques.
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
