Supply Chains

In inventory management, production planning or the transport of goods, the use of AI can lead to significant increases in efficiency and can create corresponding cost savings.

miFLEETS

Handling Part Termination Notices Made Easy

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Highlights

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Substantiated Final Provisioning

If a component is to be discontinued, FLEETS can generate a reliable and comprehensible forecast for a final order. The most advanced algorithms are employed for this task.

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Best Possible Level of Stock for Every Situation

The optimization of warehousing requires highly specialized solutions. Depending on the industry and customer, our solutions are adapted to best fit your business objectives.

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Smooth Production

Thanks to modern algorithms, the expectations for production targets can be continuously increased. In addition to the mere maximization of the production quantity, processes can be designed robustly and combined with real-time monitoring.

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Leverage Untapped Potential

The transport of goods is only possible with the cooperation of many parties. Each of them has only a limited insight into the processes. If all information is collected and combined correctly, enormous improvements can be achieved.

FAQ – Final Provisioning

For which type of forecasts is miFLEETS used?

The miFLEETS forecasting tool was developed for predicting spare parts requirements in the automotive sector and has been in use for over 20 years. The main characteristic of the forecasts made with miFLEETS is that with the help of a relatively short history (a few years) the demand can be estimated for a very long period. The supply of spare parts must be guaranteed for 15 years in most cases, and up to 30 years in some cases. miFLEETS is also used for short-term and automated mass forecasts (demand planning).

In principle, miFLEETS is suitable for all kinds of forecasts where the relevant components are installed in a “carrier vehicle”. In such cases, the component properties and the behavior of the fleet in which the components are operated are analyzed in combination and used for the prediction.

Which data is required for the forecast calculations?

The historical spare parts or service figures and the production or delivery quantities are used as central input data by the forecasting algorithms. With the help of specialized procedures, it is also possible to calculate forecasts without existing production or delivery quantities. In addition, device-specific information (predecessor-successor relationships, start and end date of production etc.) is included in the calculations. Within the scope of the forecast process, the user can include further information if necessary.

In what way can the data be provided?

Currently, the import of data from Excel and any common SQL Server is supported. If required, a connection to Oracle or other database formats can also be made.

How big is the roll-out workload for miFLEETS?

In many cases, it is sufficient to start miFLEETS from a USB key. The greatest effort during the introduction is to provide the required input data either in a predefined Excel format or in database tables. For a transitional period, the Excel templates can also be filled in manually so that miFLEETS can already be used during the rollout. If necessary, we will be more than happy to support you based on our previous miFLEETS implementations.

Who uses miFLEETS?

miFLEETS is used by a large number of well-known German automotive suppliers to forecast spare parts requirements. According to information from our users, the quality of miFLEETS forecasts also has a very excellent reputation among automotive manufacturers themselves.

FAQ – Predictions und Inventory Optimization

What algorithms does mi Solutions offer for inventory optimization?

Our product range includes powerful libraries for forecasting and order recommendation optimization for large assortments and for use in mainframe environments. Libraries derived from this are part of various customer systems and the basis of our software system SPARE. In addition, we offer tailor-made applications for special fields of application, e.g. spare parts stocking for aircraft maintenance (MRO).

Of course, we are happy to contribute our experience to projects in the form of consulting services.

What distinguishes our methods from widely available inventory management software?

We use complex mathematical methods both for forecasting and for the derivation of order recommendations and the allocation to storage locations. With the help of this approach, it is possible to control stocks and other key figures in a much more flexible and differentiated way.

Our processes have been successfully used by well-known customers for over 20 years. Therefore, we can and have been able to permanently refine them in close cooperation with the users in order to open up further potentials for inventory reduction, improvement of delivery quotas or automation of order proposals.

How can we benefit from this?

In our experience, the specifics of each industry and especially of the individual companies must be taken into account both in the forecast and in the derivation of order proposals. Therefore, a detailed comparison of the requirements and the available optimization models should always be carried out at the beginning of a cooperation. From this, further steps can be deduced together.

In many cases only minor adjustments to our standard software SPARE are necessary. Thus, a quick use of our procedures is possible. In very complex environments, however, it can make sense to design and implement an individually suitable solution using our “method building blocks”. This can be done by us. But we are also happy to support you with our experience.

Next Steps

Arrange a free consultation or request further information.

Louis von Beaulieu

Would you like to learn more on how your company can benefit from the application of mathematical technologies and what the benefits you can expect in your specific case?

Phone: +49 173 67 363 40

eMail:

Talk to an Expert

Do you have a specific question? Then contact an expert directly:

Jens Feller

Co-founder of mi Solutions and expert in the successful implementation of warehousing, inventory and demand forecasting solutions.

Phone: +49 6146 5 25 99 30