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…
Photo By Tiko More and more people who aren’t supply chain professionals are suddenly aware that supply chains are complex systems that comprise multiple interlinked processes, and a single wrong decision can create ripples along the entire supply network. Fortunately,…
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…
While Covid-19 pandemic placed unprecedented stress on the global food supply chain, from labor shortages to challenges in managing logistics, the industry has faced constant challenges over the past several decades. The challenges that plagued the supply chain in 2021…
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,…
