When a manufacturer in the Building Products Industry realized its MRO inventories were growing at an unacceptable pace, and annual spend on MRO indirect materials was not being controlled, management wished to take action. The manufacturer thought its MRO inventory contained many obsolete items that could not be identified and were deteriorating while sitting in […]
LOUISVILLE, KY – June 10, 2021 – Net Results Group (NRG), celebrating its 25th anniversary specializing in MRO master data management, and CertainTeed®, a subsidiary of Saint-Gobain and a leading North American manufacturer of building materials, today announced that their collaboration on a presentation entitled, “The Foundation for Continuous Manufacturing Improvement — Quality MRO Material Data and Meta Data” has been selected by the Society for Maintenance and Reliability Professionals’ (SMRP) steering committee for presentation at their upcoming Annual Conference.
As Managing Partner and CEO of Net Results Group, I am thrilled to be celebrating the company’s 25th anniversary along with all of our team members. Net Results Group continues to be the leader in master data management with a focus on MRO materials and assets. I invite you to read about our technology […]
LOUISVILLE, Ky. – April 22, 2021 – Net Results Group (NRG), a leader specializing in MRO master data management and governance, announced today its 25-year anniversary serving the mission-critical needs of process and discrete manufacturers on a global basis.
Technology innovator will help protect consumers in his newly appointed role Net Results Group (NRG) today announced Kentucky Governor Andy Beshear has appointed NRG CEO and Managing Partner Lance Gilbert to the state’s Consumers’ Advisory Council. The 16-member council works with the state’s Attorney General to enforce Kentucky’s Consumer Protections Act. Gilbert will serve through […]
Have you been involved with MRO projects where you felt the effort never achieved its full potential? Whether these were focused on improving reliability, increasing machine uptime, refining asset utilization, and/or improving maintenance work streams, it’s likely all of them had one thing in common — non-standardized or poor-quality data. Creating a project plan and […]
Most companies have discovered that outsourcing or engaging contractors to run their ongoing MRO internal functions does not deliver the expected benefits. A far better approach is to implement standards and practices, from accurate standard operating procedures (SOPs) to standardization of critical MRO item data, that provides invaluable key performance indicators (KPIs). Furthermore, by implementing […]
In many organizations, confusion exists about who has responsibility for MRO data ownership (maintaining your MRO materials data in the company’s item master), versus who are the users or beneficiaries of the data. Often, the owners and the beneficiaries of the data are not the same. The owner of the data would be the organization […]
Spare parts cost companies millions of dollars each year. In truth, this multimillion-dollar section of the balance sheet is often overlooked. Companies may avoid strategies to improve their MRO spare parts materials because they may not be as “sexy” as strategies for finished goods. Because of this, companies are severely overinvested in spare parts. Failure […]
Net Results Group to Present at October’s SMRP Annual Conference Managing Partner of Net Results Group (NRG), Lance Gilbert, will be presenting together with one of NRG’s client representatives from Clarios (a former unit of Johnson Controls) on the topic of Data Mining and Visualization to promote MRO excellence. This presentation and discussion will […]