First to market, PTC’s Advanced Inventory Optimization is the most effective inventory optimization software available today, and it keeps getting better. Acting on lessons learned from the largest global install base of service parts management customers, PTC continuously enhances our software’s ability to meet customers’ requirements. Advanced Inventory Optimization goes beyond the spare parts inventory planning methods supported by other solutions by taking into account:
- Parts costs, usage rates, criticality, procurement, and repair lead times.
- Multiple location coordination and transit times.
- Differentiated customer requirements and service contracts.
- An intelligent blend of proactive and reactive planning.
Our best-in-class Inventory Optimization capabilities reduce inventory investment by 30% or more and ensure the highest service return from every dollar invested in inventory by:
- Determining optimal service part stocking levels.
- Creating stocking plans designed to support service contracts.
- Honoring business rules and practical constraints.
- Ensuring an actionable, stable plan.
PTC clients experience inventory cost reductions of 10-35% and improve part availability by 10-25%- better than the industry average. Customers like Metso and Pratt & Whitney have seen substantial improvements in planning using PTC’s industry-leading inventory optimization.