Newman Technology Achieves 98% Inventory Accuracy with Plex MES
Newman Technology deployed AI for Inventory Management in Automotive. As reported by rockwellautomation.com: 98% inventory accuracy.
Source-reported figures — cited source: rockwellautomation.com
What Newman Technology was trying to fix
Newman Technology, an automotive parts supplier processing 1,500 containers daily, relied on spreadsheets and paper purchase orders creating cumbersome, time-consuming inventory processes. Customer order changes were difficult to handle and inventory process was prone to errors.
What Newman Technology deployed
Implemented Plex Manufacturing Execution System to automate and digitize inventory tracking, customer order management, and production control across four facilities.
Results
Achieved 98% inventory accuracy. Reduced inventory on-hand cost by 25%. Achieved 62% reduction in time for inventory checks.
Key Takeaways
- Plex MES delivers 98% inventory accuracy replacing spreadsheet-based systems
- Automated inventory checks save 62% of time versus manual counting methods
- Reducing inventory on hand by 25% significantly improves working capital
Evidence for Newman Technology's Inventory Management deployment
- Reported outcome metrics
- 3 cited below
- Cited source
- rockwellautomation.com
- Last updated
Vendor
Details
- Industry
- Automotive
- Use Case
- Inventory Management
- AI Technology
- Not available in record
- Company Size
- MidMarket
- Company
- Newman Technology
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