Reading your comment, Edward Murphy reminded me of the following Long View Systems 2019 article excerpt about the world’s largest Caterpillar Inc. dealer Finning:
“For Finning, to go beyond the cloud meant we needed to “digitize the dealership.” Specifically, connecting to our customers’ machinery to move from data – to insights – to actions that would translate to maximized customer convenience, lower costs, and free up internal team members to focus their energies on higher value activities.
A great example where we saw early returns was providing our customers with advanced digital solutions for tracking important operating intelligence including measuring the idle time of equipment as well as predictive maintenance through fleet management services, including condition monitoring.
By monitoring equipment health, Finning helps its customers not only save on fuel costs but also reduce wear and tear on their equipment. Through fleet management services, we help our customers to predict breakdowns before they happen so that they can take pre-emptive cost-saving measures that reduce equipment downtime.”
Here is the link to the full article: https://bit.ly/45raFct
Do you have an example of how predictive analytics is being used in your procurement practice?
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Procurement Insights 
Posted on August 29, 2023
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