Still treating MRO like a rounding error? That mindset is burning your budget. In large manufacturing operations, indirect materials are often overlooked. But buried in that 5-10% of spend is a mountain of waste, risk, and untapped capital. Outdated procurement…
It’s time we finally say “farewell” to our reliance on traditional data cleanse projects and take a moment to celebrate their passing. While we appreciate the endless chase of perfection, as arduous and archaic as it may have been at…
What’s in stock, where they’re stocked, how they’re stored, and when shipments will arrive — MRO inventory management is a complex process that is often rife with friction. Managing these processes comes with a range of obstacles that makes it…
As seen in Forbes. Supply chain information can too often be seen for what it is on the surface: arguably the world’s most complex network of systems, data and analytics processes, but it’s so much more than that. Rarely do…
Photo By putilov_denis Manufacturering supply chains involve multiple moving parts making them substantially hard to monitor and manage. This challenge is exponentially harder when applied to MRO materials, and businesses are realizing how costly MRO can be, even if “properly”…
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…
MRO purchasing costs rise when suppliers proliferate and the same part exists under multiple SKUs. Procurement teams end up negotiating in the dark and buying reactively. These cost improvement strategies focus on the root causes – visibility, standardization, and disciplined…
