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 […]

MRO Strategy

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 […]