Balancing Inventory Levels and Procurement Efficiency with AI
Client Overview
A multinational chemical manufacturer facing challenges in optimizing purchase timing and inventory management.
Business Challenge
Inefficient inventory management and suboptimal purchase timing led to excess stock in some areas and stockouts in others.
Solution Impact
25% reduction in excess inventory costs
30% decrease in stockout incidents
15% improvement in overall inventory turnover rate
Optimized inventory levels across material categories
Improved purchase timing based on usage rates and lead times
Reduced instances of excess stock and stockouts
Our Approach
Developed an AI-driven system to analyze historical procurement and consumption patterns, providing data-driven recommendations on purchase timing and inventory holding.
Genesis AI drives innovation in manufacturing with AI and machine learning, optimizing processes and boosting productivity across industries like chemical, petrochemical, and automotive.
