MARCH - APRIL 2024 CIOAPPLICATIONSEUROPE.COM 19Enhancing Business Efficiency with Intelligent Tank MonitoringFoxInsights, a German IT services and consulting provider, sets itself apart in today's supply chain paradigm with its cutting-edge IoT solutions tailored for remote tank monitoring. Serving mobility, recycling, and energy industries, the company's specialisation in intelligent tank tracking offers enhanced transparency and visibility in sales and logistics through digitalisation and data analytics.FoxInsights achieves this through the application of advanced artificial intelligence (AI) technology to provide actionable insights that enable focus and support management in assisting sales and logistics staff in their strategic and operational business tasks. The result is a range of tangible benefits for businesses, such as enhanced returns on investment, greater profitability, strengthened customer loyalty, decreased churn rates, and the prevention of stockouts.Although remote tank monitoring is common, what distinguishes FoxInsights is its focus on high-quality standards, end-to-end solutions, simplicity in complexity, and a commitment to sustainability. "Our centralised cloud-based solution seamlessly integrates with customers' existing IT systems, enabling informed, rapid, and educated decision-making within a digital workflow," says Sven Munk, Vice President of Sales and Marketing at FoxInsights.The firm's offerings revolve around its elaborate ecosystem, consisting of hardware devices, a centralised browser interface, a user-friendly mobile app, and AI-powered decision support services. Together, these components work to replicate the installed tank base digitally. The benefits of FoxInsights' solutions extend far and wide, providing businesses with real-time visibility into tank data and consumption behaviours to improve their sales and logistics processes. The optimisation processes are further complemented by predictive analytics with intelligent AI technology, enabling companies to forecast customer requirements and improve inventory management efficiency. The transformative impact of FoxInsights' solutions is felt across both sales and logistics operations. In sales, through insights into customer situations, behaviours, and market trends, the company supports accurate outreach. Simultaneously, AI integration enhances route planning in logistics, yielding substantial cost savings ranging from 30 to 50 per cent. FoxInsights' solutions further facilitate the shift towards vendor-managed inventory, allowing suppliers to proactively manage their customers' tanks and execute timely deliveries with personalised services.One client that leveraged FoxInsights' solutions to optimise their process management is BP Castrol, a significant player in the energy sector. This enabled the client to adopt vendor-managed inventory contracts and nurture long-lasting supplier-client relationships while offering unmatched convenience in tank management for its European customers. In addition, BP Castrol now has transparency in its logistics chain and accurate forecasts for proactive decision-making and optimisation of supply routes for enhanced efficiency.Andreas Wunder, Head of Product at FoxInsights, says, "We design our products with the end application in mind. From hardware data to optimised processes, we are committed to delivering actionable insights for sales and logistics."Anticipating upcoming developments, FoxInsights sees AI technology as a catalyst for boosting efficiency, stimulating innovation, and strengthening client competitiveness. Positioned to lead the shift towards digital supply chains and serve as a crucial operational foundation for businesses, the firm is prepared to seize opportunities and deliver concrete value. PROVIDERS - 2024TOP 10AI SOLUTIONSOur centralised cloud-based solution seamlessly integrates with customers' existing IT systems, enabling informed, rapid, and educated decision-making within a digital workflowAndreas Wunder, Head of ProductSven Munk, Vice President of Sales & Marketing
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