MRO Inventory Optimization is now Considered Business Critical

Process and manufacturing organizations have significant investment in maintenance, repair and operating (MRO) inventories, yet it remains a misunderstood and often mismanaged portion of a company's asset base. This white paper describes an industry-proven approach to optimizing MRO inventory through real-time adjustments to Order Points, Order Quantities, and Lead Times. It shows how you can improve plant capacity and equipment availability, while simultaneously reducing MRO inventory investment.

This white paper covers the following topics:

• Why MRO inventory is unique in terms of demand, criticality, and consumption.
• MRO inventory within a multifaceted supply chain.
• How to 'right size' your MRO inventory by achieving and maintaining optimal fill rates.
• Who can benefit from MRO inventory optimization.
• Deploying a solution, including timelines and value measurements.
• How to integrate with ERP/MRP and Enterprise Asset Management (EAM) systems.
• A customer case study: objectives, deployment, collaboration and results.

This paper will help inventory managers make sound decisions by assessing the financial impact of inventory levels on the business. It describes an effective system to significantly improve decision making, business process effectiveness, and profitability.