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Jul 26, 2023Verusen Launches AI-Driven Asset Criticality for Industrials and Manufacturers | Supply & Demand Chain Executive
Oct 18, 2024Verusen launches its AI for Spare Parts Criticality evaluation & optimization solution that understands item criticality and operational risk to drive improved stocking strategies for global enterprises and manufacturers.
Verusen launches its AI for Spare Parts Criticality evaluation & optimization solution that understands item criticality and operational risk to drive improved stocking strategies for global enterprises and manufacturers. Set into action, Verusen AI for Spare Parts Criticality delivers improved operational continuity, uptime and performance.
Verusen processes material data, identifies operational risk for each item and analyzes and prioritizes the most critical spare parts for continuous operations and production uptime to reduce operational risk. Specifically, AI for Spare Parts Criticality measures demand and supply-side factors, including where/when/how assets are used, assessing work orders, Bills of Materials (BOMs) and other market factors, including price and availability of single vs. multi-source assets.
“Now is the time to invest in asset and inventory management, specifically criticality. Industrials and manufacturers, having survived pandemic-era supply chain challenges, are still struggling with decade-old data concerning their materials management and ERP system,” says Scott Matthews, CEO of Verusen. “Messy data and inattention to criticality can lead to disastrous results. We are excited to bring Verusen AI for Spare Parts Criticality. This disruptive offering enables organizations to move from making emotional decisions about MRO inventory towards a data-driven, risk-based approach. This ensures operational continuity and performance.”