Predict Risk and Lower Costs in Manufacturing
Our client, a large manufacturing company, produces equipment and parts for oil and gas extraction. Because of their service’s on-demand nature, they must have a clear inventory snapshot to ensure they have the correct number and type of parts. A single part shortage could impact their ability to produce the entire product, hurting market share.
SoftServe delivered a solution that leveraged actionable insights from client data to deliver:
- Automation of manual processes and better forecasting reduced up to 50% in operating costs.
- Lower risk of product unavailability, ensuring a service value promise of “needed parts always in stock.”
Automation of manual processes and better forecasting reduced up to 50% in operating costs.
Keeping the promise
Lower risk of product unavailability, ensuring a service value promise of “needed parts always in stock.”
An RFID-based inventory solution to provide near real-time visibility to inventory across 100+ locations. Our BI Dashboard enabled inventory level monitoring, providing customer usage insight to improve product assortment and increase sales.
SoftServe’s AI team built, trained, and deployed a set of ML models to assess the risks for more than 30 million components and 600,000 products.
LET’S TALK about how SoftServe can help your manufacturing business harness the power of actionable insights to save costs and turbocharge productivity.