Synovos Blog

Do You Have the MRO Mumpsimus?

By George Krauter

Vice President

Published June 23, 2017

Mumpsimus defined: “Adherence or persistence to an erroneous practice out of habit or obstinacy…A person who persists in a mistaken practice.” In the world of MRO storeroom management, mumpsimus prevails with a persistency that is totally out of sync with today’s modern manufacturing techniques. Applied intelligence in the areas of PRIM [Plant Reliability Information Management], ERP […]

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How Master Data and Master Data Leadership Simplifies Business and Cuts Costs

By George Krauter

Vice President

Published June 6, 2017

In the world of MRO supply chain management, “master data” refers to the use of proper and consistent descriptions on every stock unit that exists in the MRO and production storerooms. As George Krauter points out in a recent blog post, managing master data is a tedious task requiring discipline and leadership. But he asks, […]

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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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