SUCCESS STORY
8 X ROI on duplicate items
Transforming Inventory Management in the Engineering Sector
- Delivering cost savings and improved stock availability through AI-driven product analysis
Outcomes
cost reduction
Identified £15M in savings opportunities
high-volume analysis
Real-time insights enabled smarter, faster procurement strategies
multi-language insight
Standardised tracking increased compliance and strengthened relationships
CLEAR DUPLICATE VISIBILITY
Pinpointed where and what needed streamlining
IMPROVED AVAILABILITY
Improved stock levels for core items
BACKGROUND
Our client’s mission is to pioneer mission-critical technologies and services that drive efficiency, safety, and sustainability in the energy and process industries, enabling efficient and sustainable operations.
the challenge
The engineering company makes a huge number of products for different applications. The business challenge was to analyse unstructured data sources to identify different PNs that are made to the same drawing and version and form the same global material code. Essentially duplicates.
SOLUTION
Anvil implemented a data-driven strategy that included:
- Analysis across a 50,000 item sample identified a group of duplicate candidates and another larger group of items to review that are either duplicates or different specs with the same normalised part number
- Pooling data from central drawings database and Global Material Code system
- Translating PN description from multiple languages
- Using AI to process over 2M items and identify duplicate candidates
“We knew we had a problem in this area, but you guys have been the first to show the exact what and where.”
VP Global Supply
ANV105