Augury partnered with DSV to introduce a new Parts-as-a-Service (PaaS) solution that uses machine health to predict machine faults before they occur and automates the procurement of replacement parts to avoid unplanned downtime while reducing spare parts inventory.
“DSV is committed to providing innovative technology solutions that address the evolving needs of our clients,” says Matt Ritchie, DSV’s managing director. “The introduction of Parts-as-a-Service is a game-changer in inventory management, allowing businesses to proactively manage their parts, instead of reacting to issues, resulting in substantial cost savings and risk mitigation.”
“We are excited to partner with DSV to bring Parts as a Service to the market,” says Saar Yoskovitz, Augury’s CEO. “Increasing our ability to integrate our machine health platform with a wide range of solutions from inventory management to CMMS systems creates a new ecosystem for customers, innovating how they can use data-driven insights to change how they work.”
Key takeaways:
- This collaboration offers a workflow that extends DSV’s current inventory management solutions (IMS) and logistics while taking full advantage of Augury’s machine health AI-driven prescriptive analytics solution that predicts and prevents equipment failure to improve overall machine performance.
- Key features of PaaS include predictive analytics, smart ordering and dynamic scheduling.
