The MRO Lifecycle...Can You Really Make a Difference?
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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.