Toolkit for optimising the inventory and purchase of materials and components that are required to build a machine, and meet customer delivery dates using AI.

Procurement Optimiser

Optimising the procurement of materials and components is an important aspect of industrial production planning. The use of AI can help consider multiple factors and variables to generate optimised material requirements planning (MRP). AI-PO is an AI-based toolkit specifically designed to optimise material and component procurement by taking into account multiple factors, such as demand, product and material stocks, arrival of materials and reconditioned parts, suppliers, quotations, bulk purchases, prices, etc. In addition, the solution iteratively updates the MRP based on changes in conditions and inputs. This ensures that the purchasing manager receives the most up-to-date information and can make informed decisions on the procurement of materials and components.