By: Socrates C.T -- Senior Research Analyst, CapEx and MRO
10 August, 2016
MRO supplies represent a broad portfolio of items and almost hundreds of sub categories with thousands of line items. It can range from safety gloves to fasteners to OEM spares. To actually realise the benefits from MRO management , there are a series of optimisation strategies to realise holistic savings in MRO management. These are not quick wins but long term approaches inevitable to procurement organisations with substantial MRO spend.
This whitepaper analyzes various strategies in MRO data management and best practices in storeroom operations to help derive value from managing MRO parts. It makes a case to think beyond the negotiation of MRO part prices alone.
MRO data management and best practices in storeroom operations can influence MRO costs up to 30% and lead to significant cost savings. These can provide an inevitable starting point for optimizing the MRO spend which most of the procurement organizations deem difficult to track.
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