Parts inventory management

The immediate availability of replacement parts for construction equipment greatly determines customer satisfaction and hence sales. To increase sales and profits, a large equipment manufacturer wanted to increase the availability of parts at their dealer-sites without increasing the total amount of costly inventory.

EpiX Analytics performed an involved statistical analysis of the dealers’ historic sales and inventory data to determine what factors mostly determine demand for parts. Those results were then used to build a comprehensive optimization model that was then used to optimize the dealers’ parts-availability, while balancing this with limiting the total inventory.

The parts inventory optimization system was delivered to the client along with documentation and training. Field data showed an increase in parts availability with essentially the same inventory levels as before.

The manufacturer continues to use the optimization system after 5 years and has also applied it to inventory problems in other areas of its international business.

Back to all case studies

Projects

We believe in seeing to believe.

View our client success stories to read about our projects.

Testimonials

Once in a while, we ask our clients, course participants and co-investigators to provide us with testimonials of their experience working with us. Read what they're saying about us.

Brief History of EpiX Analytics

EpiX Analytics was founded in 2003 in Princeton, NJ under the Vose Consulting name, and among its offerings it included specialized software to perform Monte Carlo simulations. Read More >>