Verusen, ATS expand partnership
Verusen, specializing in driving AI MRO supply chain and inventory optimization, announced it has expanded its strategic partnership with Advanced Technology Services, Inc. (ATS), an industrial maintenance, technology and parts services provider.
The collaboration integrates Verusen’s AI platform with ATS’s industrial maintenance and reliability expertise to deliver technology-driven solutions for manufacturers.
The news builds on the recent announcement that ATS is now a strategic partner of Verusen’s AI-driven platform in North America. The partnership expands the companies’ reach and ability to assist manufacturers in optimizing demand forecasting and inventory management across their MRO supply chains.
The collaboration’s success is exemplified by its impact on a joint tire and rubber customer, which has realized $10M+ cost reductions through MRO inventory optimization across its North American Plants. This achievement underscores the practical value and significant opportunity the Verusen and ATS offering provides.
The companies stated their partnership addresses key elements of MRO to drive cost savings and inventory optimization through the following:
- Supplier Tail-spend Management: Negotiating favorable pricing and lead times with reliable strategic suppliers.
- Network Inventory Visibility: Using more robust, AI-driven inventory tracking to monitor real-time stock levels.
- Predictive Maintenance: Using data analytics to predict potential equipment failures and proactively order spare parts.
“We’re constantly seeking innovative ways to enhance our solutions and drive greater value for our customers, with technology as a central focus,” said ATS CEO Jeff Owens. “Partnering with Verusen strengthens our ability to do this. Together, we’re combining their AI technology with our expertise in industrial maintenance and reliability to deliver greater value and drive long-term cost savings for our customers.”
Scott Matthews, CEO of Verusen, said, “Verusen’s partnership with ATS is game-changing across multiple industries, as we can blend our innovative AI MRO Supply Chain Optimization platform with their operational expertise. We are delivering exceptional value to our mutual customers and breaking new ground. ATS’s investment in Verusen is a testament to our shared vision for a more efficient, data-driven future in MRO supply chain optimization.”
Verusen's platform is designed to optimize maintenance, repair, and ;operations inventory management using artificial intelligence, helping businesses streamline their supply chain by providing insights and recommendations based on their MRO data across different systems, ultimately ensuring the right materials are available when needed to minimize downtime and operational disruptions.
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