The challenge of goods availability

In the penultimate presentation of at the 8th Spare Parts Conference ETT 2023 in Linz, Georg Schett from Fraunhofer Austria summarized the challenges of materials planning: “The most important thing is the availability of goods, good forecasts are essential for successful materials planning and the pricing of procurement is extremely complex”. Together with Julius Mehringer from Fraunhofer IIS, he explained how the long-term stocking of spare parts can be optimized with the help of machine learning.