Tag: MRO Materials
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If the Goal is Safe Reliable Production Operations, Improve the Master Data Foundation
For better Operations & Maintenance outcomes in asset intensive companies, maximize the effectiveness of Maintenance and Supply Chain (MRO) business processes. The weakness is often in the supporting master data. MRO material identities, the combination of the descriptions, key specifications, and manufacturer’s part numbers (where applicable), are usually the weakest point. Ad hoc nomenclature standards…
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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…
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Does your asset intensive company grow by acquisition?
Standardize your MRO Material Identities to improve effectiveness. Inherent to a growth by acquisition strategy is betting that you run operations and maintenance more effectively than the acquired assets were run. Superior O&M performance shows up in financial results. Often acting as a counterweight to your superior processes and execution is the compounding effect of…