October 17, 2024: Verusens AI Optimizes Spare Parts Management - Verusen has launched AI for Spare Parts Criticality, a solution to enhance inventory management by evaluating spare part importance and operational risk. This AI-driven tool assesses factors such as asset usage, supply chain conditions, and operational risks to prioritize critical components for optimal production uptime. The solution promises significant cost savings and efficiency improvements, with potential inventory spending reductions of up to 45%. CEO Scott Matthews highlights the need for improved asset management amidst outdated data challenges. Verusen, formerly Autit Inc., is backed by venture capital, with major funding rounds completed in 2022.
