FOR IMMEDIATE RELEASE No. 3500
TOKYO, March 16, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed an artificial intelligence (AI) technology that accurately forecasts demand for repair parts. Leveraging the company's Maisart®* AI, the technology is expected to help avoid over/under-supply of parts needed to service appliances and other equipment and thereby strengthen inventory management and parts availability as well as improve service quality.
The system will be introduced in the PSI management of repair parts for Mitsubishi Electric electrical appliances and other housing equipment from the new fiscal year beginning on April 1. Expanded use in other businesses will follow. Meanwhile, global weather data will be incorporated in the AI to assess weather-related trends and thereby further improve forecasting accuracy.
Note that the press releases are accurate at the time of publication but may be subject to change without notice.