In the bustling world of manufacturing, merger and acquisition (M&A) endeavors often serve as a pivotal element in growth trajectories. They pave the way for enlarging a product range, securing greater market presence, achieving operational longevity, and, ideally, boosting revenue…
Image by marcinjozwiak from Pixabay Organizations tend to focus their procurement optimization efforts on direct materials required for finished good inventory production or cash flow. This means that areas like MRO often go unnoticed, eating away at your profit and…
A strong MRO and spare parts strategy is the backbone of any operations efficiency. With so many moving parts and variables that are integral to success, having an effective and efficient safety stock strategy is crucial for being prepared during…
Photo By Ekahardiwito MRO procurement has evolved beyond the traditional process of simply obtaining goods and services that are essential for the smooth running of production assets. Today, procurement and operations teams have to closely work across multiple tiers from…
Photo By Kenishirotie The cost of production typically exceeds the cost of the materials and components directly utilized to produce the product. Why? Due to indirect material expenses associated with production — those that don’t appear in the finished product…
When it comes to supply chain operations, two asset management and optimization software systems stand out: Enterprise Asset Management (EAM) systems and Maintenance, Repair, and Operations (MRO) optimization software. While both aim to increase equipment efficiency, reduce downtime, and lower…
The right MRO inventory management strategy can help operations stretch their dollars and remove overspending. From asset maintenance stock recommendations to strategically using existing inventory across facilities, small changes can offer many opportunities for optimization. Creating a system that works,…
Photo By Seksan Disruptive events like the pandemic, war, extremem weather, shifts in consumer demand, and shipping delays continue to create bottlenecks in the global food supply chain. It’s becoming more and more difficult to produce quality food at competitive…
Purpose-built inventory optimization for MRO Schedule a Call Power & Utilities Provider Verifies $29.7M+ in inventory reduction $29.7M Verified inventory reduction 50% Working capital reduction in < 1 year 45,700 Materials reviewed in one platform 100% Capability to audit all…
Effective MRO and indirect inventory management is crucial for any business looking to reduce costs, minimize risk, increase profits, and stay competitive. An important part of this is making full use of on-hand MRO and spare parts inventory. However, outdated…
