Quality Material Identities are fundamental to MRO Inventory Control

Inventory control is an old concept. It has been part of the business vocabulary likely since the days of Henry Ford. The idea is to apply management science to optimize the value and effectiveness of inventory. A typical definition is the process of keeping the right number of parts and products in stock to avoid shortages, overstocks, and other costly problems. In the world of Energy, Utilities, Mining and Pipeline companies; Maintenance Repair and Operations (MRO) materials are the key inventory type because they are so significant in maximizing asset […]

MRO Material Master Quality

What is the key quality trait of MRO material masters to deliver value to the business? The answer points to what is needed for success in a material master catalogue cleanse. People working in Maintenance, Supply Chain and Reliability processes in asset intensive businesses, know weak low quality MRO material masters are a significant and unnecessary value drain. Cleansing your MRO material catalogue is the common suggested fix to improve quality. But what does the cleanse need to achieve to return value? The answer, structured unique identities for every record […]

Fixing your MRO material catalogue is smart business

Operational efficiency improvement is the best approach when considering how to move forward from pandemic challenges. Reducing waste in your business processes is getting more from less. It helps now and it helps future application, technology and process upgrades by just making things work better easier. Poorly identified material masters in your MRO catalogue is an ongoing problem that slows procurement, inventory and maintenance processes while introducing errors and rework at every stage. This can be corrected by applying a structured MRO material identification taxonomy. A taxonomy that is tight […]