Industry News

Many different factors impact the MRO supply chain, things like economic developments, tariffs, new technology, and mergers and acquisitions. Change is constant and here is one source to stay on top of many of those changes.

Published January 21, 2019

In a recent edition, Uptime magazine published an article discussing “The MRO Dilemma: Major Time, Minor Spend” in which the author, George Krauter (disclosure: a former Synovos employee), discusses the continuing dilemma companies face in dealing with MRO inventory. The argument comes down to this: a company’s MRO inventory spend usually falls between 6% and 10% of the overall spend while taking up 70% to 80% of all transaction costs.

This is nothing new and rarely is it unrecognized. Still, it’s a dilemma that Synovos sees every day. Of course, companies react differently to dealing with the consequence of mismanaged MRO, including everything from increasing inventory purchasing to ignoring the issue entirely, hoping it goes away.

It won’t.

Read the full article here.

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Published October 19, 2018

This is the kind of year where everything you previously knew to be true about tariffs, international relations and emerging economies…well, you can put it in the circular file.

That’s especially true when it comes to supply chain executives and the likely difficult role they find themselves in over the next few months. So, what are the trends and predictions to watch? This overview from Supply Chain Management Review points out the opportunities found within that uncertainty and what C-level execs are considering now.

First, they are spending time diving into global operations through the lens of the latest trade wars and tariff changes. Second, they are diving deeper into data analytics than ever before. And, finally, they are examining the impact of the massive infrastructure investments by China. The overarching message for 2019? Think globally.

http://www.scmr.com/article/fall_season_predictions_whats_next_for_global_supply_chains

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5 Habits for Great Reliability Engineering

Reliability / ReliabilityWeb.com

Published September 5, 2018

The discipline and ongoing work methods that ferret out small or underlying problems before they morph into massive ones separate great reliability engineers from good ones, creating successful MRO maintenance reliability programs. The author of this interesting piece from Reliability Web uses the metaphor of a lemon; sometimes you need to cut it open before going any further with a recipe.

There are five habits that can help engineers, from properly identifying issues to understanding them, finding alternatives, reviewing data, and facilitating implementation of new equipment or methods.

But one of the most important practices within these habits is truly understanding the root causes of plant issues.

For example, to diagnose a machine that is breaking down because of too much vibration, it’s important to understand the chain of events leading up to that point. The machine might be vibrating too much because it’s not properly lubricated. It may not be lubricated properly because the oil is contaminated. And, finally, the root cause may be established as the storage of the oil containers outside (allowing rainwater to contaminate the oil.) Digging deeper isn't easy but it always pays off!

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“Seek First to Understand”

Procurement / Supply Chain Management Review

Published August 1, 2018

“Seek first to understand” applies just as readily to integrated supply workplace relationships as it does to other kinds of relationships. Stephen Covey was right. Procurement professionals and sales professionals would be wise to learn more about each other. In this important post from Supply Chain Management Review, we learn why regular and open communications between procurement professionals and sales professionals within the same organization are key.

What happens when sales executives are trained on the world of procurement and procurement executives are trained on the sales process? Mutual respect. If you strip away the details, both sales and procurement are engaged in “supply management” and can be considered “revenue-generators.” The communications improvements will be visible with greater attention to service, better capacity planning, and other benefits. Go ahead, get uncomfortable and learn what it's like to walk in the other person’s shoes; it will be good for your company.

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Preventative Maintenance Helps with Budgets and Peace of Mind

Maintenance & Engineering / ReliabilityWeb.com

Published June 22, 2018

Just picture a data center, as this piece from ReliabilityWeb.com points out. Various equipment is running 24 hours a day, 365 days a year. While lots of trouble-shooting is done when new equipment is in start-up and commissioning mode, is anyone looking at warranties? Is anyone planning maintenance needs for the next 12 months? Having a preventative maintenance program in place helps in several ways: It reduces down time, protects the safety of data and people, and helps managers accurately forecast capital needs for repairs and typical equipment life cycles. Just like keeping up on your oil changes or your teeth cleaning, preventative maintenance strategies are a solid way to work smarter.

To learn more, read on here...https://synovos.com/mro-5-ways-to-lose-your-shirt-storeroom/

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