Parts Analyzer AI
Optimize inventory decisions with global supply and demand trends for top parts, by condition and location. Millions of records are analyzed daily to put robust data at your fingertips.
What’s the Problem:
To truly manage your inventory at the highest level so you have the right stock, and can act quickly when opportunities arise, you need visibility of the global supply and demand for specific parts, not just your own inventory.
Say there’s a spike in demand, and shortages among competitors, you could easily sell your stock at 20% higher prices. But, how do you know if you never look beyond your own ERP system.
That’s what Parts Analyzer is all about.
Solution Overview:
Parts Analyzer can be deployed stand alone or integrated with Inventory AI.
When combined with Inventory AI it helps you refine demand forecasts and improve accuracy by an additional 10-15% on top of existing optimizations. This usually means you can sustain even lower stock levels, without missing orders or risking AOG.
Parts Analyzer gives you visibility of global supply, demand and anomalies for any part you are interested in so you can make informed decisions on your own inventory and procurement strategy.
Solution Benefits:
Informed decisions:
Provides real-time global trends on price, demand, availability etc.
Accurate predictions:
System continuously updates data and refines its predictions
Improves your agility:
Detects anomalies (price changes, recalls etc.) so you can react fast.
Strategic insights:
Insights to make strategic business decisions just in time.
How it works:
ePlaneAI sends bots to scour the Internet looking for every reference to the part numbers you care about. It retrieves billions of records per week for more than 300,000 common parts.
- Inegrates data from multiple sources into holistic view of part number activities.
- Uses advanced forecasting models for both short-term and long-term trend analysis.
- Self-optimizes by continuously adjusting model parameters to improve prediction accuracy.
- Employs real-time monitoring and back-testing to validate forecasts against actual outcomes.
- Detects anomalies and flags deviations for further investigation using self-learning algorithms
Book a call to see how Parts Analyzer could give you the market intelligence you are missing.