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Tool Inventory Control AI-Supported for Smooth Order Processing

Source: EVO Information Systems | Translated by AI 2 min Reading Time

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EVO Informationssysteme has something that gives you a smart grip on your stock of cutting tools ...

A new machining job needs to be processed! Open the drawer—but the right tool is missing! That's what happens when you work with old data. But EVO Informationssysteme has an AI tool that means the problem will never slow down production again.(Image: EVO Information Systems)
A new machining job needs to be processed! Open the drawer—but the right tool is missing! That's what happens when you work with old data. But EVO Informationssysteme has an AI tool that means the problem will never slow down production again.
(Image: EVO Information Systems)

The new AI assistant, which complements the tool management of "EVOtools", comes with AI-supported scheduling data optimization for tool management, which EVO Informationssysteme presents here. It helps you to significantly reduce your tool stocks without losing sight of tool availability. According to EVO, the AI algorithms required for this continuously record actual tool consumption and use this as a basis to determine optimized data for minimum, reorder and maximum tool stock levels.e, uses "intelligent algorithms to determine the disposition parameters for order proposals when procuring tools—based on actual consumption data in the past. The AI recognizes trends, fluctuations and demand patterns. On this basis, it then suggests optimized scheduling settings for reordering or stocking tools.

No More Working "in the Fog" With Old Tool Data

EVO thus solves the problem of working with outdated, non-updated master data, which is one of the biggest challenges facing many companies in the manufacturing industry. According to EVO, in times of increasing demands for material availability, cost control and liquidity protection, the quality of the planning data is becoming an important parameter that plays a role in determining success. And, as is well known, the necessary tools must be available for each order—otherwise it cannot be processed. Excessive tool stocks also lead to unnecessarily high storage costs and increased capital commitment and administrative costs. This is precisely where the new EVO-KI tool for scheduling planning comes in ...

Employees Are Relieved of Tedious Tasks

As already mentioned, it enables the automated maintenance and monitoring of minimum, reorder and maximum stock levels as well as batch sizes. Because it is based on real data from operations, the results are very close to reality. The significantly improved data quality therefore creates a good basis for stable processes and the risk of stock shortages and overstocks is reduced to a minimum, as the Durlang experts explain. In addition, this function relieves employees of the routine work involved in replenishment planning. Another advantage is that the new AI tool of the MRP assistant can be used without any project effort because it is included in the standard scope of "EVOtools Basic", as the company notes. As a result, it is automatically available to all users as part of the software update—without having to make a new investment.

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