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…
Use Case | MRO Inventory Optimization for Power & Utility ProvidersHow a Power and Utility Provider Verified $29.7M in Value by Modernizing Spare Parts Criticality and Inventory Workflows Background For power and utility providers, inventory decisions directly impact uptime, safety,…
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 However, outdated…
The food and beverage industry certainly took a hard hit from the Covid-19 pandemic. Unfortunately, the lingering effects of the global pandemic were just the start. The raw material shortage caused by the ongoing Russia-Ukraine war, stubborn inflation, and labor…
When you’re a manager at a large manufacturing enterprise, understanding the advantages of category management can help you make data-driven decisions that improve your company’s bottom line and build long-term success. In this article, we’ll explore the key principles of…
Many are referring to the growing presence of artificial intelligence (AI), machine learning as they continue their journey into The Fourth Industrial Revolution. The rise and exponential improvement of these technologies has left many wondering what exactly is made possible…
From Reactive to Proactive: How to Address Tail Spend Opportunities within MRO For many procurement teams, keeping tail spend under control is a massive challenge with a lot of pressure tied to it. While tail spend is a natural byproduct…
Use Case | MRO Inventory Optimization for Process ManufacturingHow a Top Process Manufacturer Verified $21M in Savings and Reduced Outage Duration from Weeks to Days Background In process manufacturing, downtime compounds quickly. When spare parts are duplicated, misclassified, or positioned…
