Today, most business leaders don’t yet associate organizational, transformative changes with their companies’ maintenance, repair, and operations (MRO) – the critical supply of spare parts, materials, chemicals, equipment and supplies necessary to keep plant and facility assets operating safely at optimal levels of performance.
Very few companies recognize the valuable opportunity to address MRO supply chain performance, despite the fact that there is a significant opportunity to drive cost savings, while increasing productivity, equipment reliability, and production. Ironically, MRO supply chain performance and the reliability of associated assets is critical element of Operational Excellence for these asset-intensive companies.
MRO inventories can represent millions of dollars in investment, the vast majority of which often sits unused year after year. This white paper will help shift this MRO mindset while illustrating the economic impact of the silo’ed viewpoint. Finally, the paper outlines strategies that help companies leverage MRO to: