IHS Intermat: MRO Inventory Optimization Software and Services

Optimization of Maintenance, Repair and Operating (MRO) Inventory
MRO inventory includes the spare parts, materials, chemicals, and supplies which keep plants running, such as valves, seals, pipe, pumps, bearings, motors, lubricants, solvents and much more. IHS Intermat specializes in the cleansing and enrichment of material master data for MRO, and the dynamic monitoring and adjustment of Order Points, Orders Quantities, and Lead Times. IHS Intermat provides services and software for inventory optimization, material master data management, and spend analysis. This ensures customers always have the right parts, at the right time, in the right quantity, and at the right price.

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For asset-intensive organizations such as discrete and process manufacturing, MRO inventory can be as much as 15% of total enterprise spend, and 60% to 80% of requisitions. However, management and procurement of MRO supplies is usually outside the core competency of most businesses and is often neglected and poorly managed. IHS Intermat pioneered the standardization of industrial MRO materials information 30 years ago, and since that time has cleansed and enriched over 50 million material records for more than 2,500 plants in 34 countries.

Clean Structured Data Enables ERP, EAM and MDM Systems
Without robust standardized data, companies cannot realize the full value of their business applications. With IHS Intermat services and software you can restructure and redefine your MRO material data, so you can operate more efficiently, accurately, and cost-effectively. Our solutions improve the data that feeds Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), and Master Data Management (MDM) systems, including SAP® Materials

Management (MM) module, SAP MDM, IBM Maximo®, Mincom®, Ventyx Asset Suite (Indus Passport™), Oracle (PeopleSoft®/JDE), Infor/Datastream, AssetPoint/TabWare, and many others. For more information on these benefits, see the Product Demonstration or read our product and services brochures.

For proven best practices to optimize your inventory while simultaneously improving your plant capacity, see the whitepapers 'Unleashing the Power of EAM Systems by Optimizing MRO Catalog Data' and ‘MRO Inventory Optimization is Now Considered Business Critical'.

Reduce Inventory, Downtime, and Procurement Costs
IHS Intermat is the only MRO inventory optimization and spend analysis solution that offers all of the necessary components to thoroughly and accurately analyze MRO spend and optimize inventory.

Cleanse, standardize, and enrich material descriptions with the only solution that incorporates both automated conversion software and item-by-item content review by experienced materials analysts.
Standard Modifier Dictionary™ (SMD™) – the worldwide standard for describing MRO items, with 2,500 pre-defined formats that serve as foundation for material master standardization.
Struxure® catalog management software, with integration connectors to all major ERP and EAM systems.
IHS MRO Inventory Optimizer powered by xIO™, the only industry and commercially proven, web-based solution expressly designed for use with MRO inventories to dynamically monitor and adjust Order Points, Order Quantities, and Lead Times.
IHS Dolphin Safe Source® and Green Product Selector™ (NEW!!) to easily identify and eliminate costly, unsafe, and redundant chemicals.
Intermat OptiX™ analyzes the strategies, practices and analytics for the work streams associated with each asset lifecycle phase, delivering a comprehensive assessment and recommendations for complete MRO supply chain management.

Our customers have realized strong internal rates of return (IRR) ranging from 150% to 350% through reductions in inventory, improved efficiency, and increased plant capacity. The payback period for our parts optimization projects, in most cases, is three to six months following project completion. IHS Intermat Solutions' forte is providing customers with immediate tangible benefits, as well as creating a sustainable environment to continue to capitalize on these benefits.

Proven methods deliver proven results. IHS Intermat has unparalleled experience in MRO inventory optimization, helping the world’s largest companies gain control over their vast MRO inventories for 30 years. Contact us to learn more.