Wednesday, September 17, 2025

Aucto Launches ARS: Software for Industrial Circular Economy

Related stories

Aisles Launches DREAM: AI-Driven Virtual Reality Evolution

Aisles has unveiled DREAM (Dynamic Reality Experience and Memory),...

TechSee Unveils Visual Remote Assistance with AI (VRAi) on Salesforce

TechSee, a global leader in visual customer assistance, announced...

Rendever and Lenovo Collaborate to Bring Virtual Reality Experiences to Carolina Caring Seniors

Rendever, the Boston-based company pioneering the future of aging...

Ansys 2024 R1 Reimagines the User Experience while Expanding Multiphysics Superiority Boosted by AI

The latest release from Ansys, 2024 R1, introduces an elevated user...

eXeX and Neurosurgeon Dr. Robert Masson Achieve World First Using Apple Vision Pro

eXeX™, a leader in artificial intelligence and mixed reality...
spot_imgspot_img

Aucto, a leading marketplace for pre-owned industrial assets, announced the public launch of ARS, the first end-to-end asset lifecycle management platform. The new product offering uses AI-powered datasets to increase asset visibility, leading to reduced procurement spend and supply chain waste.

Businesses in capital-intensive verticals such as manufacturing or energy spend billions of dollars each year on machinery, equipment, and spare parts. Industry experts estimate that approximately 10-20% of these assets are surplus at any given time due to over-procurement, upgrades, and project cancellations. ARS is designed to give businesses the ability to identify, manage, and ultimately resell surplus assets to qualified buyers on a global marketplace.

ARS was soft-launched in March 2024 and already counts dozens of manufacturers and energy companies as customers. The platform has generated over $3 million in capital recovery for its customers in the last three months.

Also Read: LG Accelerates Smart Factory Solutions Business Integrating Ai With 66-Year Manufacturing Expertise

Jamil Rahman, Founder and CEO of Aucto, who announced the launch of the new product in a recent blog post, states, “Businesses want to do more to reduce the waste generated by their manufacturing and supply chain operations. Today, thousands of tons of machinery, equipment, and parts end up in scrapyards and landfills because it’s impossible for businesses to manage these assets without the right technology and software. We believe ARS is a big step towards solving this problem.”

According to Rahman, the main objective of building ARS was to digitize and streamline all of the activities and workflows associated with asset lifecycle management. “Since we’re a digitally native solution, we can complete the same tasks as offline vendors at a fraction of the cost and in real time by leveraging technology, rather than industry expertise.” An example of this is the asset valuation tool built into ARS, which gives businesses an estimated selling price on each asset managed in the platform. Historically, businesses would have to source valuations through a machinery appraiser, which could cost tens of thousands of dollars and take weeks to complete.

Source: PRNewswire

Subscribe

- Never miss a story with notifications


    Latest stories

    spot_img