kheoos announces launch of mykheoos, new SaaS platform for spare parts inventory management

make the most of your spare parts with mykheoos

The company expands its product portfolio with a robust software as a service platform designed for manufacturing procurement, production and maintenance teams.

Voiron, France – October 15, 2024, kheoos today announced the launch of its new software as a service (SaaS) platform—mykheoos—that enables operations and purchasing teams to optimize spare parts inventory management. Designed for supply chain and maintenance managers, mykheoos helps these teams reduce costs and increase equipment uptime while complementing CSR initiatives.

Spare parts inventory refers to the components required to keep core manufacturing equipment operating as needed. It’s estimated that dormant and surplus spare parts value 3 billion euros in Europe alone. With mykheoos, organizations can improve inventory visibility and obsolescence data on maintenance parts. By improving the quality of inventory and accessibility of these parts on a shared market, it’s estimated that 450 thousand tons of CO2 can be avoided.

“We are excited to launch the mykheoos platform to provide our customers with the ability to better manage their spare parts,” said Dominique Mercier, Founder and CEO of kheoos. “This new platform provides our customers with AI-driven, actionable insights to better manage their spare parts to improve equipment maintenance, reduce waste and participate in the circular economy.”

mykheoos utilizes artificial intelligence (AI)-based algorithms that are analyzed by kheoos experts to identify duplicate parts and obsolescence data. With proprietary technology based on this AI, kheoos can scan maintenance parts data within seconds, identify matching references and eliminate duplicates. By automating this manual task, customers can save an estimated 80% in administration time and reduce equipment downtime by an estimated 47%. Customers on mykheoos are able to visualize their spare parts database and have access to buy and sell on the kheoos marketplace—a webstore with validated listings from other kheoos customers. mykheoos is available to customers today. For more information, visit kheoos.com.

AI-driven tools can reduce manual data cleaning and EOL tracking by 80%

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