Vinod Arekar is a service supply chain expert at PTC and as a Fellow he leads strategic initiatives overseeing several accounts to ensure success. Vinod’s strategic thinking and experience have helped bring the concept and application of Service Simulation to PTC. This and other innovations have helped propel Servigistics to be recognized as the industry leading service parts optimization solution. Vinod is a popular presenter at the annual LiveWorx event from sharing exciting success stories together with the clients with which he collaborates.
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AI already provides significant opportunities to improve materiel readiness without increasing inventory. Integration with the supply chain delivers the best results.
With powerful enabling technology, Performance-Based Logistics (PBL) programs have the unique potential to deliver high equipment availability at the lowest cost.
Faced with a major supply chain disruption due to the COVID-19 pandemic, Thermo Fisher Scientific joined hands with PTC Servigistics and SimAcumen to understand the impact of the disruption and mitigate it with the creative use of Monte Carlo simulations.
Optimizing and managing inventory of service parts, then, is critical to winning in the aftermarket.