MRO Services for
Infrastructure industries like mining, water treatment, transportation, electrical, and others are all heavily reliant on process and equipment reliability. When a breakdown occurs, caused by weather, natural disaster, or something else, the associated downtime can wreak havoc to the tune of thousands of dollars per hour in lost production.
How Do We Help These Industries?
Synovos works with infrastructure industries, by delivering reliability through stronger management of MRO processes and equipment.
Common Challenges of Infrastructure Industries
- Storerooms that are disorganized and without SOPs or controls
- Inventory that is unchecked and growing
- Poor data across sites
- Inaccurate and inconsistent Bills of Material
- Lack of critical spares identification
- Inability to Integrate existing systems
- No Real-Time Reporting
- Focus on Item Price vs. Total Cost of Ownership
How Do We Address These Challenges?
Synovos’ fully integrated supply chain programs attack each of those challenges head on, delivering value to the often-ignored MRO supply chain. Our combination of strategic sourcing, storeroom management, optimized inventory, data standardization, real-time reporting, and continuous improvement, enable infrastructure industries to maintain operations while reducing material costs and improving maintenance effectiveness. Each program is customizable to meet your requirements.
We use our buying power -- $500 million in managed MRO spend – to enhance supplier relationships and improve customer service, reducing material costs and improving inventory accuracy along the way.
The Advantage of Leaving Your MRO Up to Us
Engaging with Synovos brings:
- Consistent and enhanced MRO supply chain planning
- Improved visibility to available parts
- Lower total transactions and associated costs
- 10-15% material savings over the course of our contracts
Our programs consistently produce 25-30% total-cost-of-ownership savings over the length of our engagement.
That’s the Synovos advantage.
See Us In Action
Manufacturing MRO Case Study
Our large manufacturing client had issues tracking their inventory, leading to many duplicate and unneeded SKUs. They were wasting money and time with poor inventory control and procurement. We stepped in and found four of the same product under different brand names! The issue exposed process inefficiencies that were clearly costing the client money. We were prepared to fix their inventory management practices and address the data issues at the root of the problem. .
We implemented a data program to locate all duplicate inventory and analyze their purchasing history. With this data, we were able to equip them with the correct procurement strategies to avoid purchasing duplicate products and optimize their future purchasing programs.
Synovos contributed to a reduction in overall inventory by more than 30% over three years, roughly $2 million in savings.
Want more? Read our additional manufacturing Case Study.