Right-size your MRO inventory levels with AI-powered algorithms and analytics
AI-driven MRO inventory: Less downtime, more savings
Managing extensive inventories in asset-intensive industries poses significant challenges. With a vast catalog of parts and thousands of unique items to track, maintaining optimal stock levels while meeting service expectations can be daunting. This complexity often results in either excess stock or critical shortages of crucial spare parts, raising costs and decreasing service levels.
IBM Maximo Inventory Optimization is a cloud-based solution tackling these issues of MRO (maintenance, repair and operations) inventory management. Leveraging AI for forecasting and usage predication, it combines statistical analyses, prescriptive analytics, automation and optimization algorithms. This tool empowers informed, real-time decisions to balance cost and risk and optimize your MRO inventories.
Improve procurement by identifying stockouts, excessive inventory and slow moving or potentially obsolete inventory.
Review historical data modules to drive actionable insights based on criticality, lead time and more.
Mitigate risk and minimize costs by continuously optimizing stock levels and reorder points with AI-powered algorithms.
Integrate with any enterprise asset management and ERP application to be cost-effective while driving business benefits.
What you can do
Automate inventory optimization
With automated continuous MRO supply chain inventory optimization, you get prescriptive recommendations for inventory levels while considering the criticality of your assets.
Eliminate excess stock
Identify unnecessary parts inventory and decrease surplus noncritical material while synchronizing supply with demand and asset performance.
Ensure critical spares availability
Gain an accurate, detailed picture of MRO inventory stock levels, identify potential out of stock, and predict future usage with AI to ensure the correct parts are available.
Industry applications
Reduce the cost of procuring and managing spares inventories for generation, transmission and distribution assets, while enabling higher levels of reliability.
Manage fluctuating demand cycles, increase reliability and drive timely line maintenance and production schedules with better stocking decisions.
Cut MRO inventory costs by reducing low-moving stocks and sharing critical spares across geographical regions to keep round-the-clock mining operations running.
Streamline supply chain inventory management and promote compliance with safety and environmental regulations in refining, exploration and production operations.
Better track asset related work orders, reduce operating costs and streamline maintenance operations with a tailored transportation MRO software.
Essentials
Fast time to value for clients new to Maximo Inventory Optimization.
Starting at
USD 2,940
per subscription, per month
- Inventory optimization capabilities, including:
ROP/MAX recommendations, Recommendations insights, Industry standard pre-configured filters, Prioritization of alerts and risk - Wizard based setup for near zero configuration and near zero installation
- One production environment
- Up to 50 million USD inventory size in value
- Onboarding training
Price shown is indicative, may vary by country, excluding any applicable taxes and duties.
Standard
Advanced capabilities with near real-time visibility, extended analysis options and reporting capabilities.
- Full inventory optimization capabilities, including: Automated continuous monitoring, Configurable Work queues, Automation workflows, AI Smart review, Service level analysis, Criticality analysis, Lead time analysis, Quick reports and analytics dashboards, Baseline analysis, Demand forecasting, What-if analysis
- One production environment and one pre-production environment (additional available)
- Acceleration services included
- Available CMMS/ERP integrations
Pricing depends on the number of production and pre-production environments, and inventory size (value) to be managed.