Spare Parts Industry Sheet
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Demand planning for spare parts
How demand planning and forecasting can help face industry challenges
Vanguard Software delivers 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 cloud work environment to help users improve margins and service levels, while reducing stocksouts and net carrying costs to achieve the lowest possible total cost of ownership (TCO).
With Vanguard Predictive Planning™ for Spare Parts, organizations gain:
- Maximum forecast accuracy
- Improved intra-company and value-chain partner collaboration
- Reduced stock-outs
- Reduced safety stock
- Improved service level, revenues, and customer satisfaction
- Increased procurement efficiency
“Vanguard Software was able to improve our forecast accuracy by over 50%!”
Social media-style communication feed allows users to collaborate across teams - even tag objects and people.
Fast and reliable data transfer ensures you are never slowed down by your network.
Monte Carlo Simulation
Compare hundreds of scenarios in seconds. Generate forecasts with higher confidence levels and superior risk transparency.
Gain visibility and foresight with our easy-to-read consumable analytics. Let our AI engine recommend next steps to ensure best practices.
Play with what-if scenarios in-memory. Feel confident about your next steps before committing plans to the database.
Real-world modeling, flexibility, and reliability are just a few of the benefits of an object-oriented database.