A food manufacturer was struggling to identify which MRO parts/materials in their storerooms were associated to their equipment/assets within their plants, which consisted of five manufacturing buildings on one campus. They solicited proposals to assist them in creating bills of materials (BOMs), specifically the need to assign item master parts to asset numbers. During the proposal stage, feedback from Net Results Group stopped them from moving forward with a very expensive implementation and ineffective project plan (as the plans proposed by various providers were incomplete).

The company was ready to embark on developing BOMs with toxic and unstandardized data in their MRO item master and it lacked an organized asset hierarchy for its plant assets parent-child relationships.

The company’s goals for this project included:

• Identifying every MRO part that was tied to their assets and the quantity of each part per asset.
• Determine which parts were not assigned to a BOM or no longer required and obsolete those parts, with a plan to optimize the value of obsolete parts through an organized parts dispositioning program.
• Better understand the true cost of running an asset, down to the lowest tier of the asset’s level.
• Provide a more efficient work order process to eliminate unproductive maintenance time that was wasted by not being able to identify the right part assigned to an asset and the asset’s location in the plant.

By moving ahead with their initial plan, the company would have taken over 27 months to complete the BOM exercise and would not have had accurate data records for its parts and assets. In addition, the company would not have been able to standardize the descriptions of its parts and assets across the campus, making it difficult to identify where sharing of parts throughout the different plants would have reduced demand purchases.

The company took a step back from the initial project and engaged Net Results Group to create and facilitate a planning session with the company’s key project stakeholders. This planning session not only identified an effective project plan complete with detailed implementation steps and timeline, but Net Results Group also identified with the stakeholders measurable key performance indicators that enabled us to create a business plan that identified a return on investment for the project of over 115%.

During implementation, the company utilized Net Results Group’s professional services and MRO3i^TM application that reduced the timeframe to just over 13 months, mainly due to the efficiency of using the MRO3i application. The full scope of the project went from what was initially only to create BOMs to a three-phase project:

• Develop asset hierarchies for each manufacturing building on the campus. This included standardized terminology for each level one through eight in the asset hierarchy and updating P&IDs for the plant equipment.
• Cleanse, standardize and enrich the MRO parts in the item master to ensure all items met the standardization criteria. It also eliminated duplicate items (items with the same manufacturer part number but with different item master numbers in their system). This enabled the company to reduce inventory values and lower the cost of annual purchases of MRO parts.
• Create BOMs by assigning the parts to the lowest level in the asset hierarchy (child level) along with quantities of each part required for each asset.

The company’s production lines are running more efficiently with higher uptime, and they are able to track costs of operating each asset, making it more accurate for them to perform ROIs for asset replacements.

Maintenance became more productive, work order information became more informative, Engineering was extremely pleased to have updated drawings on equipment, Finance was ecstatic to have the ability to better monitor costs of operations and lower inventory values, and finally Purchasing now had visibility into better purchasing insights, enabling them to attain stronger purchasing power with vendors.

LOUISVILLE, KY – April 25, 2022 – Net Results Group, a leader specializing in MRO master data management for over twenty-five years, announced today that their MRO3iTM Technology Suite has won Plant Engineering Magazine’s prestigious Product of the Year Gold Award for new products for the manufacturing industry.

“We are deeply honored to have received Plant Engineering’s award and thank our customers for their invaluable feedback as we continually work to deliver intelligence, insight, and impact with our leading master data management solution,” commented Lance Gilbert, Managing Partner, Net Results Group. “Innovation has become a major theme for asset intensive industries, and we see this award as further validation of our leadership while delivering breakthrough technology and services that provide unprecedented ROI to stakeholders from the plant floor to the C suite.”

Promoting MRO excellence at the highest level, MRO3i provides complete workflow management for master data transformation and ongoing governance. With “responsive” web design, MRO3i is a powerful, self-service tool that performs equally well on any PC, tablet or mobile device, automatically adjusting the interface to fit the display.

The annual reader’s choice program provides Plant Engineering’s audience with information about top new products in their fields and represents the 34th year the awards program has been in place. Awards are based on voting results from the publication’s print and digital subscribers. Net Results Group will soon be honored by CFE Media and delivered the coveted Gold Award trophy highlighting their achievement.

About Net Results Group

Net Results Group, LLC is a technology-focused software and services firm with a comprehensive offering for significantly improving MRO master data. The firm’s unique combination of asset expertise, reliability services and tools – including its cloud-based MRO3i technology suite – helps asset-intensive organizations make intelligent use of their data. https://www.netresultsgroup.com.

LOUISVILLE, KY – April 25, 2022 – Net Results Group, a leader specializing in MRO master data management for over twenty-five years, announced today that their MRO3iTM Technology Suite has won Plant Engineering Magazine’s prestigious Product of the Year Gold Award for new products for the manufacturing industry.

“We are deeply honored to have received Plant Engineering’s award and thank our customers for their invaluable feedback as we continually work to deliver intelligence, insight, and impact with our leading master data management solution,” commented Lance Gilbert, Managing Partner, Net Results Group. “Innovation has become a major theme for asset intensive industries, and we see this award as further validation of our leadership while delivering breakthrough technology and services that provide unprecedented ROI to stakeholders from the plant floor to the C suite.”

Promoting MRO excellence at the highest level, MRO3i provides complete workflow management for master data transformation and ongoing governance. With “responsive” web design, MRO3i is a powerful, self-service tool that performs equally well on any PC, tablet or mobile device, automatically adjusting the interface to fit the display.

The annual reader’s choice program provides Plant Engineering’s audience with information about top new products in their fields and represents the 34th year the awards program has been in place. Awards are based on voting results from the publication’s print and digital subscribers. Net Results Group will soon be honored by CFE Media and delivered the coveted Gold Award trophy highlighting their achievement.

About Net Results Group

Net Results Group, LLC is a technology-focused software and services firm with a comprehensive offering for significantly improving MRO master data. The firm’s unique combination of asset expertise, reliability services and tools – including its cloud-based MRO3i technology suite – helps asset-intensive organizations make intelligent use of their data. https://www.netresultsgroup.com.