Live at MaximoWorld, Dylan Jones, Product Manager for Maximo Inventory Optimization (MIO), and Shivam from Barrick Gold dive into the strategic and tactical implementation of MIO within the Maximo ecosystem. Managing spare parts isn't just about keeping warehouses full—it's about finding the optimal balance between operational risk aversion and holding costs.
In this live presentation, Shivam outlines how Barrick Gold deployed MIO across 11 global mine sites managing over 500,000 SKUs. By utilizing MIO’s prioritized work queues, what-if scenario modeling, and lead time intelligence, Barrick Gold reduced obsolete stock from 20% down to 8% while ensuring critical spare availability across complex supply chains in North America, Latin America, Africa, and Asia-Pacific. Learn how data-driven reorder levels and cross-departmental collaboration between maintenance, procurement, and finance can optimize working capital across enterprise operations.
