Procurement groups build broad based purchase order and contracts with multiple line items identifying fictitious points in time in the future when an item is needed, just to make sure a supplier has the forecast of possible needs. This leads to extra investment by the supplier, makes the buyer accountable for goods that may or may not be needed and can increase inventory if not monitored at all times. Monitoring it is typically a manual process.
Goals and Objectives
Intelligent scheduling of parts and services eliminates fictitious forecasts, scheduling errors and needless expediting.
Enterprise Hardware, Personal devices, Cloud, Big data/analytics, Mobile, Applications, Connectivity Services, Cognitive, Next Generation Security
Use Case Summary
Scheduling of parts, services, and other needs based on requirements within the company is automated intelligently to schedule when needed only, enabling more accurate purchase orders and contracts and improving inventory levels