Case Study: a leading spare parts company reduces inventory costs with Tredence

Leading Spare Parts Company - Customer Case Study

Tredence worked with a leading spare parts company that was struggling with high inventory costs due to its operations being spread across different global geographies and disconnected IT systems. This situation resulted in widespread data duplication, sub-optimal inventory levels, and difficulty managing parts recorded in multiple languages.

The solution from Tredence involved using their Sancus service to de-duplicate and harmonize parts data, enrich item information, and implement AI/ML models for demand forecasting and machine failure prediction. This approach provided a holistic view of inventory and enabled parts to be utilized across plants. As a result, Tredence helped the client achieve savings of $1.2 million in inventory costs.