As seen in Forbes. In today’s manufacturing and supply chain environment, a staggering amount of capital is tied up in inventory and procurement, with trillions of dollars being resourced for indirect and direct materials. In fact, across the globe, this…
The Essential Guide to Tail Spend Management Solutions Managing tail spend in MRO procurement is a common challenge that can have a huge impact if left unchecked. For MRO (Maintenance, Repair, and Operations) professionals, getting control of tail spend means…
7 Best Practices for Managing Critical Spare Parts in MRO Managing critical spare parts effectively is essential for ensuring the seamless operation of Maintenance, Repair, and Operations (MRO) inventory. However, the challenges surrounding critical spare parts management can often lead…
8 Tips To Optimize Your MRO Sourcing Strategy Optimizing your MRO (Maintenance, Repair, and Operations) sourcing strategy is key to keeping your organization competitive and efficient. MRO inventory sourcing covers everything from procuring essential materials and parts to ensuring safety…
How AI Removes the Need for MRO Data Cleansing in Inventory Management All asset-intensive organizations and manufacturing enterprises understand the importance of maintaining quality MRO (Maintenance, Repair, and Operations) inventory data so they can accurately manage critical spare parts and…
As seen in Forbes. Effectively managing maintenance, repair, and operations (MRO) inventory is one of the many significant challenges for asset-intensive enterprises. Companies often seek MRO improvements through a project-based lens, like hiring a third party to conduct a basic…
It isn’t uncommon for many companies today to treat their procurement team and operations team as independent entities. At face value, this procurement-operations divide seems to be the most efficient way to handle two distinct processes. However, separating the two…
It isn’t uncommon for many companies today to treat their procurement team and operations team as independent entities. At face value, this division of procurement and operations seems to be the most efficient way to handle two distinct processes. However,…
It’s no secret that indirect materials and MRO inventory are the glue that holds a company’s manufacturing and production operations together. MRO materials keep production lines running and delivery services operating smoothly. According to some estimates, indirect spending accounts for…
The efficiency of MRO inventory procurement is vital to sustaining seamless production operations and maintaining a competitive edge. Often overshadowed by other aspects of supply chain management, MRO inventory sourcing is the backbone that ensures equipment reliability and reduces unplanned…
