MRO Inventory Optimizer powered by xIO

IHS MRO Inventory Optimizer powered by xIO is a web-based solution designed for use with maintenance, repair and operations (MRO) inventories.

IHS MRO Inventory Optimizer:

• Monitors and adjusts order points, order quantities and lead times dynamically
• Identifies excess inventory and incorrect min/max values
• Highlights items in danger of stock-out proactively
• Uploads results to ERP/EAM systems directly

IHS MRO Inventory Optimizer powered by xIO delivers real-time feedback and control – when to purchase, change order quantities and lead times – with scientific support and prioritized analysis. You can improve plant capacity and equipment availability while simultaneously reducing MRO investment!

IHS MRO Inventory Optimizer powered by xIO is easily implemented and customizable. Once implemented, ROI is quickly achieved with order points and quantities dynamically and automatically calculated monthly. Using a web-based solution, managing MRO inventory is possible 24/7 from any location with an internet.

Inventory Control:

• Fine-tunes your inventory with 30 separate control parameters 
• Considers variables such as criticality, demand and pricing 
• Adjusts order points and quantities of every item. 
• Eliminates searches through different ERP and EAM system modules to review order mechanics

Trust Your Purchasing Process:

• Receive key performance indicators (KPIs) to demonstrate purchasing effectiveness and supplier performance. 
• Review actionable reports for proactive MRO inventory management 
• Understand root causes of risky stock-out situations with automatic reports 
• Intervene when problems arise using itemized and categorized reports 
• Rely upon detailed data presented in a simple and easy-to-use format.

Quick Implementation and ROI:

• One-time setup customized for each facility, typically in a single day 
• Complete implementation usually accomplished in less than 10 days. 
• Proven solution with 10 year track record for all asset-intensive industries 
• Total cost typically recouped within first 90-days

Who Can Benefit from MRO Inventory Optimization?

Companies with the following characteristics can benefit from employing inventory optimization methodology:

• MRO inventory values of $2M and above with large numbers of SKUs 
• Subjective KPIs related to MRO performance 
• Low inventory turns (2.5 or less) 
• High stock out rates

On average the quantitative impact of these conditions are as follows:

• 22% of the time proper quantities or materials are not available
• 9.7% of material purchased today exceeds one year’s supply 
• 5% of material purchased today will never be used

IHS MRO Inventory Optimizer powered by xIO helps you identify:

• Which MRO inventory items should be purchased in greater quantity, to enable a plant to operate more safely, more efficiently and at higher production 
• Which inventory items are at risk of stock out due to OP/OQ that aren’t sufficient to meet fill rate requirements, and what is the root cause of the event 
• What accumulated inventory items have the highest value of recovery, which items can be directly returned to the manufacturer and which items can deliver returns via investment recovery specialists

Most companies are surprised to learn that the information required to formulate the answers already exists in the past transactional data of their MRO inventories. Extracting this information and analyzing it enables businesses to set OP and OQ or Min and Max to achieve a specified fill rate at the lowest cost.

To understand how you will benefit using IHS MRO Inventory Optimizer powered by xIO, we encourage you to download our PDF brochure.

• Download our brochure
• SAP and IHS MRO Inventory Optimizer

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