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MRO Inventory Management

Quantify and resolve inefficiencies

Need a better overview of MRO stock? Want to reduce costs?

This inventory management software delivers real-time feedback and control – when to purchase, change order quantities and lead times for MRO inventory – with scientific support and analysis. Customers typically recoup cost within the first 90 days. The inventory management software has a 10-year track record with all asset-intensive industries and is an integral part of the Maintenance, Repair & Operations (MRO) Intelligence Benefits:

  • Avoid stock-out risk
  • Facilitate timing of stock purchases
  • Understand minimum and maximum MRO amounts
  • Stay ahead of inventory issues
  • Eliminate excess and duplicates
  • Achieve ROI faster

What’s Included

Inventory Control

Purchasing
Monitors and adjusts order points, order quantities and lead times dynamically

Management
Identifies excess inventory and incorrect min/max values, includes 30 separate control parameters

Customization
Considers variables such as criticality, demand and pricing

Notifications
Highlights items in danger of stock-out proactively

Integration
Uploads results to ERP/EAM systems directly

Purchasing Process

KPI
Receive key performance indicators (KPIs) to demonstrate purchasing effectiveness and supplier performance

Management
Review actionable reports for proactive MRO inventory management

Production Assessment
Understand root causes of risky stock-out situations with automatic reports

Risk Abatement
Intervene when problems arise using itemized and categorized reports

Simplified Data
Rely upon detailed data presented in a simple and easy-to-use format

Implementation
  • One-time setup customized for each facility, typically in a single day
  • Complete implementation usually accomplished in less than 10 days

MRO Optimization Candidates

Watch for these indicators where optimization can help:

  • 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
  • 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

Improve MRO Operations

Optimize your MRO supply chain and improve asset availability

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