Smart management of spare parts Improve your item availability up to 100 percent for economic success within the after-sales service.
Intelligent forecasting models improve the availability within the spare parts distribution
The management of spare parts is the supreme discipline of logistics. A quick and reliable spare parts supply is the key factor for a successful after-sales service. However, spare parts are often requested sporadically. Therefore, take advantage of the intelligent forecasting models ADD*ONE is using to generate reliable forecasts for this demand and minimize your tied capital, even if the diversity of parts increases.
The optimization software ADD*ONE combines powerful forecasts based on intelligent AI algorithms and operations research with an effective planning trough order proposals at optimal cost. Dashboards create full transparency and are a solid decision basis.
Benefit from the vast experience of our experts and improve availability, while reducing the stocks to a minimum at the same time.
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Solution ADD*ONE Features
With ADD*ONE, mathematical algorithms are used to support everyday operations and strategic business decisions in spare parts planning and logistics. Product features include:
- Self-adapting forecasts
Detailed determination of the future demand situation with no manual maintenance required, including the identification of trends, outliers, seasonality and sporadic demand
- Profile Parameters
Firm planning of inhomogeneous article assortment through the upkeep of important planning-relevant controlling parameters at the article or article-group level
- Dynamic Safety Stock
Dynamic adjustment of safety stock levels based on high quality demand forecastsy to ensure the right stock is in the right place at the right time
- Life-cycle management strategy
Ensure the required spare parts are available throughout the entire lifecycle of a product while taking availability, costs, quality and environment into consideration.
- Consideration of repair loops
Calculation and consideration of exchange parts, which are reincorporated into the available stock after being repaired.
- Calculation of cost-effective order proposals
Dependable decision proposal for each article using an intuitive workflow that identifies the need for immediate action or controlling
- Management by Exception
The software eliminates routine tasks, automatically showing planners which actions need to be taken to avoid i.e. stock-out situations. Intuitive graphical displays show planners the most urgent tasks to complete, enabling them to manage by exception.
- Automation
Simple control and maintenance of a large assortment of items through automated processes, i.e. automatic order approval of items with high forecast quality
- Network planning
Synchronous planning of demand across all levels of a network structure
Benefits
ADD*ONE enables a high service level while minimizing stock levels through the use of decidedly accurate forecasts - even with sporadic consumption behavior. With ADD*ONE you can expect to:
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Maximize availability
Obtain a delivery capacity of close to 100% through high-quality planning.
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Minimize effort
Reduce your planning effort by 25 to 50% through the reliable automation of purchasing decisions.
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Reduce inventory
Reduce your inventory by up to 40% while at the same time increasing availability.
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Reduce procurement costs
Cut procurement and inbound logistics costs with optimized orders and batch sizes
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Create transparency
Gain an overview and control over your entire inventory assortment
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Recoup investment
Experience a return-on-investment within months of your purchases.
References
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