Podcast highlights
Artificial intelligence is transforming how asset-intensive organisations manage inventory, improve data quality and reduce operational costs. In Progressive’s latest podcast Alison Richards sits down with Jeremiah Woodford, Chief Revenue Officer from Verusen to discuss how their purpose-built AI tool is helping organisations unlock value from their MRO inventory and materials data.
Intro to Verusen: What if you could use AI to unlock the full value of your inventory data?
Jeremiah starts by describing a common challenge for organisations with assets distributed across the multiple sites. Verusen AI helps organisations add value to their ERP or EAM systems by giving accurate stocking recommendations and ultimately keep their assets running. AI takes the “emotion” out of this decision.
Data challenge: Poor-quality, fragmented and legacy data remains a long-standing challenge for many organisations, making it difficult to gain a clear view of inventory and know where to begin optimisation efforts.
Verusen in Action: Drawing on insights from over 55 million SKUs (Stock Keeping Unit), Verusen’s AI helps organisations identify equivalent materials, improve data quality and gain greater visibility across their inventory.
Synergies and Real World Applications: Alison and Jeremiah go on to discuss the shared industries that Progressive and Verusen work in and the tight integration between Verusen and Octave Attune EAM.
As an example, hear how Transocean is using Verusen and Octave Attune EAM to achieve $40 million reduction in working capital.
Interested in harnessing the power of AI to optimise inventory and improve asset performance?
Get in touch with the Progressive team to learn how Verusen’s purpose-built AI solution can support your inventory optimisation and asset management objectives.
