Published July 24, 2017
Our friends at ReliabilityWeb.com recently published an exhaustive report on the best practices in MRO supply chain management.
Their research, which included an extensive survey of MRO professionals across the globe, mirrors similar research we conducted a couple of years ago (Ref: State of MRO Indirect Materials Management).
Reliabilityweb’s research found that nearly a third of companies surveyed had less than half of the needed MRO materials in their ordering system, validating the 25% we found in our earlier survey. Such low coverage means companies pay higher costs for items purchased direct because they are not available in the MRO storeroom. It also means those same companies continue to struggle with MRO supply chain management, losing visibility to the usage data, lead time, and other relevant data.
In short, it results in more trouble and additional costs down the road. Companies fail to reach their potential because of inefficient processes surrounding MRO storeroom operations and Plant Reliability Information Management (read more about PRIM). Most companies just put up with these conditions as a cost of doing business. Progressive companies are exploring the issue and discovering the need to change and the benefits to doing so. They strive for continuous improvement in MRO supply chain management.
The solution involves the development of more consistent processes without restricting resources; part of that solution includes an enterprise asset management (EAM) system. Synovos delivers that solution with our Synovos SYNC™ EAM software and our MRO supply chain expertise.