When equipment fails, the right spare parts and materials must be on-hand, especially if they are critical to production. That said, forecasting demand for these items is complex and difficult. One spare part or material may be critical to zero-downtime, but rarely needed. Another may be expensive, carried for a long period, and prone to obsolescence. Both are prone to random spikes which seem to obliterate any faintly discernible patterns.

Vanguard Predictive Planning™ for MRO is a cloud inventory platform that automates forecasting while applying advanced analytics to derive trends, patterns, and probabilities from even the most intermittent of demand sets. Vanguard’s advanced analytic tool set includes Croston’s intermittent demand model as well as more advanced Monte Carlo simulations for probability modeling. All of this is packaged in a single cloud work environment to help users improve margins and service levels while reducing stocks-outs and net carrying costs.

Leverage Vanguard Software for part, or all, of your S&OP or IBP process- from MRO inventory and materials to sales forecasting to supply planning to budgeting. Vanguard can integrate all of these distinct applications on a single platform designed to unify management estimates, exceptions, and data.

Vanguard’s UI integrates seamlessly with your business processes, enabling diverse teams and users to communicate and collaborate. Plus, all changes and updates are dynamic, system-wide. Change your MRO demand plan and see that change reflect instantly in your inventory order schedule – all on the same screen.