Augury and DSV announced a partnership that introduced a new Parts As a Service (PaaS) solution. PaaS 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. This collaboration marks a significant leap forward in the industry, offering a powerful workflow that extends DSV's current Inventory Management Solutions (IMS) and logistics while taking full advantage of Augury?s Machine Health, the AI-driven prescriptive analytics solution that predicts and prevents equipment failure to improve overall machine performance.

DSV's IMS helps companies eliminate the overhead of managing and sourcing spare parts with a complete service solution, from planning and procurement through transportation and logistics. This strategic approach enhances revenue operations and working capital efficiency using Vendor Managed Inventory, Supply Chain Finance, and AI technology. With the introduction of PaaS, the partnership takes these solutions to new heights by incorporating a proactive means of predicting, ordering, and scheduling parts.

This innovative approach empowers businesses to optimize their spare parts management like never before and get the right parts at the right time at the right place. Key Features of PaaS: Predictive Analytics: Augury's prescriptive Machine Health solution enables manufacturers to manage their production risk by anticipating equipment failures and proactively ordering necessary parts, reducing downtime and spare parts inventories, and enhancing overall operational efficiency. Smart Ordering: PaaS streamlines the DSV planning, procurement, and logistics process by automating the need for spare parts based on real-time insights from the field, ensuring that the right parts are ordered at the right time in the right place, while minimizing delays and unnecessary inventory carrying costs, and avoiding expired parts warranties.

Dynamic Scheduling: The integrated workflow allows for dynamic scheduling of parts delivery and maintenance activities, ensuring that resources are allocated efficiently and effectively, uptime and planned downtime schedules are maintained, and spare parts inventory levels are reduced. As businesses navigate an ever-changing landscape, the Augury and DSV partnership sets a new standard in strategic inventory management solutions. PaaS is poised to redefine how businesses approach spare parts management, offering a powerful, integrated workflow that delivers tangible results.