Maximizing uptime, updating item catalogs, reducing working capital requirements are all key benefits of MRO optimization when it comes to streamlining inventory.
The more progressive CIOs in today’s workforce are analyzing every department of their corporations, including the plant floor, improving operations while cutting expenses. Often overlooked is MRO inventory which is as important to company performance as finished goods inventory. Net Results Group has more than 25 years’ experience put in link to press release celebrating 25th year anniversary in this space, consistently setting industry standards while working with highly industrial companies.
An effective MRO will save you time and money in daily company operations through supplier consolidation and stock services. On average, more than half of your companies MRO inventory investment does not move in a 3-year period, with cloud-based MRO data management this number can be reduced by up to 95%, this makes finding and ordering spare parts easier and translates to less downtime for malfunctioning or broken-down machinery which frees up maintenance workers to make advancements instead of fixing already existing assets.
Ultimately, by integrating an MRO master data strategy into existing operations, you are facilitating better company business decisions by eliminating the majority of backend costs and optimizing production floor uptime while implementing the best industry practices and COVID protocols.
Spare parts and maintenance have always been part of our industry. Net Results Group and our MRO3i Cloud Based Software helps your company capitalize on gold hidden in your spare parts inventory. Let’s move the mountain.