How did GBS make inventory management smarter, faster and more efficient? With Inventory Recommender - a cloud-based tool that taps directly into your Enterprise Resource Planning (ERP) system, using artificial intelligence to transform inventory-related data into knowledge ensuring continuous material supply, all while reducing inventory costs.​

Shifting Complex Processes

It wouldn’t be unrealistic to say that the complexity of supply chains can limit visibility. A variety of problems can exist within the inventory process, that while seemingly small, can hinder the processes at work.

Problem areas such as numerous delayed orders and a high share of slow-moving and obsolete inventory parts impact efficiency and the bottom line. Add to that the various manual and repetitive inventory management tasks that results in diverted focus from value-add activities. Not to mention, as the lack of transparency rises along the supply chain, so do higher inventory costs. Sound familiar?

The existence of these issues was the catalyst that brought GBS’ Inventory Recommender to life. The cloud-based tool taps directly into your ERP system and uses artificial intelligence to transform inventory-related data into knowledge, ensuring material supply while reducing inventory costs.​

Through an advanced analytics dashboard and API endpoint integration, users can rely on the tool to gather and process inventory relevant information. Inventory levels are also managed and balanced through the tool. Artificial intelligence plays a pivotal role as predictions of lead times and material demand for the upcoming months is also a key feature. Essentially, the Inventory Recommender does the work, so you don’t have to.

The solution has already secured benefits that include:

Improved forecast accuracy by more than 50% Reduced overall inventory and safety stock levels by up to 30% Reduction of delayed deliveries by more than 30% Higher inventory planning efficiency and automation rate by more than 40% Minimized expediting effort related to missing parts

The GBS Inventory Recommender is already supporting Siemens factories, moving them closer to just-in-time manufacturing. As part of the Siemens Xcelerator Marketplace, the innovative product exists as part of the overall curated portfolio of services, software and IoT-enabled hardware working towards digital transformation in tandem with Siemens partners.

It’s time to optimize your supply chain.

For more information, visit Siemens Xcelerator Marketplace to learn more about Inventory Recommender and other solutions.