Inventory AI
Our flagship AI solution automates inventory management day-in-day out, to maximize availability without overstocking. It delivers efficiencies worth millions with ROI that’s off the charts.
With real-time access to your ERP system, Inventory AI uses custom business rules to predict demand, dynamically adjust pricing, analyze slow-moving and old stock, automate procurement and refine your PAR values daily, so your inventory holding is always optimized.
What’s the Problem:
Having the right part in the right place, at the right time, is an impossible balancing act. Neglecting routine tasks like inventory maintenance, stock checks, pricing audits etc. when they really should be done even more frequently, leads to inefficiency and cost.
Excess inventory means high holding costs and the risk of obsolescence, while stockouts can potentially ground an aircraft and impact operations. Old-school demand forecasting methods can’t keep up with the velocity of change and the vast array of variables out of your control.
Independent observers in the aviation parts supply chain all agree that Airlines, MROs and Parts suppliers could be 30% more efficient if they used AI for automated inventory management.
But unfortunately, legacy aviation ERP databases, even modern ones, aren’t made for big-data analytics on the scale necessary to overcome these challenges.
What’s the Solution?
Inventory AI sits alongside your ERP system, abstracting and maintaining a multitude of relationships between millions of parts, assemblies, documents and more using its own data structures which are designed for machine learning at scale.
It continually analyzes inventory levels, activity and demand trends to optimize your inventory holding and pricing, and it provides a custom dashboard to make sense of it all.
Inventory AI gives you the intelligence to make wise, informed inventory decisions and manage optimal inventory levels, all while lowering the risk of stockouts and AOG. Once Inventory AI is connected to your ERP systems you can drive millions of dollars in efficiencies and improved cash flow, by having the right inventory levels across the board.
Solution Benefits:
Less AOG Risk:
Automated procurement ensures timely restocking of critical parts.
Lower Holding Costs:
Lets you convert 30-40% of inventory into working capital.
Staff Productivity:
Reduces staff workload by 60% enabling high-value work.
Better Cash Flow:
Improves your cashflow by increasing turnover rate by 20-30%.
No More Write-Offs:
Flags old or slow-moving inventory to sell before it loses value.
Accurate Forecasts:
Keeps inventory at PAR, reducing stockouts and excess.
Scales with You:
Seamlessly manages inventory across multiple locations in real time.
Large, Fast ROI:
Expect 10-100x ROI within months of starting engagement.
How it Works:
By automating routine inventory maintenance tasks like PAR level optimization for aircraft parts and predictive inventory management, Inventory AI automatically optimizes stock levels in real-time, releasing staff for more important activities, and driving efficiencies worth millions.
- PAR Level Optimization: Dynamically adjusts stock levels to match market and operational demands with real-time stock level management.
- Predictive Pricing: Leverages analytics to forecast price trends, to assist in pricing of aged and slow-moving parts vs high demand, and strategic procurement.
- Automated Procurement: Reduces manual processes by automating order placements and ensuring inventory efficiency across multiple warehouses.
- Precision Forecasting: Employs machine learning to provide accurate demand forecasts, and prevent costly overstock or stockouts.
- Global Intelligence: When paired with Parts Analyzer AI, you can have unrivalled intel on the global activity level, supply and demand for the parts you carry.
- Automated alerts: If you don’t automate procurement, the system generates alerts for low-stock and high-demand items to help prevent inventory shortages.
Operational and Financial Impact:
Parts Analyzer provides unparalleled visibility into global supply, demand, and anomalies for millions of parts, equipping you with the insights needed to optimize your own inventory and refine procurement strategies. With the insights from this tool, you can make data- driven decisions with confidence.
Inventory Cost Reduction in Aviation:
Achieve up to 37% savings on inventory costs through enhanced optimization, driving real-time inventory analytics.
Increased Efficiency:
Streamlines procurement processes by automating workflows, improving efficiency by 60%, and freeing resources for strategic initiatives.
Immediate ROI:
Experience a swift payback and a minimum 10:1 ROI, with improved cash flow and reduced capital tied up in inventory.
ePlaneAI Advantage:
Large Airline Scalability:
Inventory AI scales with your business, and is designed for use by the largest airlines and MROs from day one, without constant adjustments.
ERP System Agnostic:
Easily integrates with existing ERP systems, enabling auto-synchronization and eliminating manual inputs. We have connectors for all aviation ERP systems.
Continuous Improvement:
Regular updates and enhancements keep your inventory management system on the cutting edge, ready for evolving industry needs.
Self-Training Algorithms:
The system learns and adapts over time, enhancing efficiency and reducing waste, leading to further savings and streamlined operations.
For more information on how Inventory AI can streamline your supply chain and significantly reduce operational costs book a call with an Aviation Inventory specialist.