Manufacturers understand the importance of precise data management to assure that sufficient materials are available in order to avoid costly production downtime. Still, many continue to rely on an outdated and error-prone patchwork of spreadsheets and manual data inputs, often leading to supply shortfalls, mislabeled products and overstocking of products that are no longer needed. This webinar will demonstrate how artificial intelligence (AI) replaces disconnected data silos with a digitized network footprint of all goods, services and logistics throughout the supply chain so that every decision is visible across the entire organization. AI’s machine learning capabilities remove materials guesswork by continually updating and interpreting market and customer trends to drive highly accurate predictive inventory analyses for indirect MRO, direct goods and even finished products. The webinar will also explain how complete digitization of data improves operational efficiency by harmonizing real-time, continually updated data across all departments and users, streamlining inventory management for speedy access to individual product stocks and available quantities.

As the repercussions of COVID are still echoing through supply chains around the world, how can businesses adapt to the new reality of constant uncertainty? Optimas Solutions, a major parts distributor and manufacturer, has seen both supply and demand reliability turned upside down. In this session, we’ll have a candid discussion with Optimas’ President of Americas, Daniel Harms and ToolsGroup’s General Manager, Americas, David Barton, about how Optimas maintains service to customers amid protracted supply constraints. You’ll hear practical advice for how manufacturers and distributors can actually plan for uncertainty and lean on technology to keep performance high despite staffing challenges.