The Chain Reaction of Toxic MRO Data

Why do so many organizations not apply the same logical and sound business decisions to managing their Maintenance, Repair & Operations (MRO) as they do managing their financials? The unfortunate answer is that companies do not understand the positive effects achievable by managing MRO Foundational Data with the same rigor as financial data.

Oftentimes, companies do not have the internal expertise required to build and manage standardized, accurate and comprehensive MRO master catalog data records. Consequently, organizations waste an inordinate amount of time and resources trying to make other pieces of the MRO lifecycle such as maintenance, reliability, procurement and supply chain activities with MRO Master Data that is of poor quality to thoroughly toxic. This paper will outline the risks associated with the lack of emphasis put on MRO data quality, resulting in companies struggling to get the work done effectively and efficiently as well as the importance of having solid MRO Foundational Data when it is utilized as cross-functional information for orchestrating cross-functional transactions.

This paper will outline the risks associated with the lack of emphasis put on MRO data quality, resulting in companies struggling to get the work done effectively and efficiently. There is also a focus on the importance of having solid MRO Foundational Data when it is utilized as cross-functional information for orchestrating cross-functional transactions. Lastly, the paper will review the methodology, expertise and technology needed to build foundational content that leads to better reporting, analysis, business decisions and support of other Maintenance, Supply Chain and Procurement Excellence initiatives, ultimately improving the bottom line.