There is “hidden” money available in most companies’ invested MRO (spare parts) inventory. It is not difficult to identify that inventory, but one must understand how it got there and how to avoid it “rebuilding” itself in order to take full advantage of the dollars that can be saved and spending that can be further avoided. This presentation will cover those key elements and also discuss, in detail, the nine phases of the MRO Lifecycle that one has to fully understand in order to take advantage of this savings potential. Use of a state-of-the-art CMMS/EAM system is paramount in collecting the right data to make the right decisions.
Ned has over 30 years of management experience in businesses related to MRO parts distribution, enterprise asset management systems, and MRO decision support. Ned began his career at Detroit Ball Bearing Co. prior to founding Applied Resource Management Group (ARM) Inc. in 1986. ARM Group Inc. was one of the first outsourced MRO storeroom service companies and managed 33 storerooms. Maintenet Corporation evolved through ARM Group to create the first internet based MRO e-commerce network. These enterprises are currently owned and operated by IBM. Ned also founded Efficient Systems and was a co-founder of MRO Direct. Ned served as the Director of Strategic Accounts for PSDI (IBM). Ned is one of the founders of Xtivity and MROConnection. In his current day-to-day capacity at Xtivity and MROConnection, Ned is Vice President of Professional Services. He also oversees the implementation of the xIO service across all industry segments.