Michael, an inventory manager, and his supervisor Jeff review a memo from their CFO about the need to reduce inventory levels. They believe they have the raw data to help them solve their inventory bloat, but they also know their ERP system really wasn’t designed to help them optimize their inventory levels.
So, Michael researches the term inventory optimization, begins to read white papers and attends webinars and seminars on the topic. He ultimately learns that the best solution for his company would be to implement a best-of-breed analytics solution that’s specifically designed for MRO inventory management and optimization. After going live with Oniqua Intelligent MRO, Michael’s company reduces total inventory by $2 million in the first year.