Synovos Blog

Introducing Plant Reliability Information Management

By Michael Weinberg

Chief Marketing Officer and Senior Vice President, Corporate Development

Published May 5, 2017

Recently, in Las Vegas, hundreds of plant and facility reliability professionals gathered for the annual  Reliability Conference 2017. It is always great to see strong, growing attendance at this event, as the importance and value of plant reliability increases for a variety of reasons. First and foremost is the mounting pressure to increase production – […]

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The Real Cost of Low Price Suppliers: Final of a Four-Part Series of Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Suppliers

By George Krauter

Vice President

Published April 13, 2017

The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. Although […]

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The Real Cost of Low Price Suppliers; Third in a Series of Four Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Suppliers

By George Krauter

Vice President

Published April 4, 2017

The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. Although […]

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The Real Cost of Low Price Suppliers: Second in a Series of Four Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Inventory Suppliers

By George Krauter

Vice President

Published March 22, 2017

The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO inventory materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. […]

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The Real Cost of Low Price Suppliers: First in a Series of Four Case Studies Depicting Increased Cost Burdens Effected by Using ‘Low Bid’ MRO Inventory Suppliers

By George Krauter

Vice President

Published March 13, 2017

The process of selecting a MRO supplier based on “lowest bid price” is flawed in that the process results in a higher total cost to the company when MRO inventory materials are consumed. In most companies, the procurement department is responsible for soliciting quotes [RFQ] for MRO materials, assessing the quotes, and selecting the suppliers. […]

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