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MRO Cost Savings: As part of Company's Strategic Visions

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by Anithamaragatham G
28 June 2012

Industrial MRO Market Maintenance, Repair & Operations (MRO) or the indirect spend has been a significant part of every manufacturing business in any part of the world. However, only in recent years MRO is gaining focus and attention as a spend area and it is found that it contributes to around 10-20% of the total spend of any manufacturing company. MRO in Procurement Decision Fortune 500 manufacturing companies typically have an MRO spend more than around 10 billion USD, a huge spend drawing attention of the companiesï¾Âƒ?? strategic decision makers. Globally, the procurement officers have been focusing on cost savings & improving efficiencies and they have identified MRO as one of the key areas that needs attention other than their core businesses. Outsourcing Indirect Spend/MRO In recent days outsourcing has become a developing trend in this category. It varies with different regions and countries. North America and few countries like UK, France and Germany in Europe have a matured MRO outsourcing market, whereas?? it is developing in few countries in Latin America, Northern Europe and Asia and is still emerging or in a nascent stage in the rest of the world. Outsourcing helps the companies to focus on their business and results in significant cost savings.

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