After a year of supplier shortages, demand fluctuations, increased operating costs, and liquidity pinches, supply chain leaders face a crossroads — either maintain the status quo and hope for the best, or reevaluate their business model to ensure they can weather the next storm. For many innovative business professionals, this means embracing new ways of thinking and capitalizing on process improvement and automation to realize real results on their balance sheet.

Let’s face it, MRO inventory is usually overbought and underinsured, costing millions. But organizations rarely do anything about it because they’re convinced their data just isn’t in a good enough place to make MRO optimization a priority. But perfect data doesn’t exist, it never will, no matter how many data cleanses you waste money on. Explore how AI is creating a new approach to MRO/indirect materials optimization and bridging the gap between procurement and operations teams, while breaking the stigma of having to have perfect data to get started. Learn how leading manufacturers have adopted an AI approach and have learned the secret that’s been hiding in plain sight. We’ll discuss topics such as: -Eliminating the need for lengthy and costly data cleanse projects -Increasing visibility of spend and price variances to reduce tail spend -Building confidence in your MRO inventory availability to ensure you will have the right part at the right time at the right place, at the right cost -Identifying millions in savings opportunities through inventory deduplication, revamped stocking policies, and network-sharing opportunities