Petro Chemical Industry
Close
We employed advanced technology to automate PR generation, enabling accurate safety stock calculation and prediction of stock shortages within the petrochemical industry.
AI-Powered PR Automation Safety Stock Optimization
We employed advanced technology to automate PR generation, enabling accurate safety stock calculation and prediction of stock shortages within the petrochemical industry.
Problem Statement:
- Suboptimal safety stock levels leading to stockouts and excess inventory costs.
- Inefficient replenishment processes for cycle stock causing delays in restocking.
- Lack of overall inventory efficiency within the current system.
- Need for improved cost-effectiveness in inventory management operations.
Value creation:
- Forecast accuracy up by 11%
- Reduced stockout levels by 20%
- Complete visibility on Safety stock, Stockout Projections, Lead Time Variations etc.
- Accurate and automated replenishment quantity calculation and PR placement
Flowcharts:
![](https://www.translytics.io/wp-content/uploads/2024/08/Petro-Chemical.jpg")
AI-Powered PR Automation ...
