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Better Supply Chain Management: Take Control of MRO Spend

Purchasing managers know it affirmatively one can no longer afford to ignore or dismiss MRO products used every day on the shop floor.

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Better Supply Chain Management: Take Control of MRO Spend

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  1. Better Supply Chain Management: Take Control of MRO Spend B2B Ecommerce Simplified https://www.moglix.com

  2. Purchasing managers know it affirmatively one can no longer afford to ignore or dismiss MRO products used every day on the shop floor. The nuts, fasteners, helmets, gloves, eyewear, machine lubricants and cutting tools all matter because they all have a cost to acquire, to store and to replenish. Negligence towards MRO can cause an account for upward of 40 to 45 percent of manufacturing expenditure. Saving is a virtue, so let’s unravel MRO cost-saving opportunities in hidden places by eliminating departmental roadblocks and bad inventory management habits.

  3. MRO spending is way more than piece price per widget. Finding the lowest price MRO item is only a short term solution. Cost containment can be achieved by understanding the context of an operation’s daily, weekly and monthly needs. In this respect, purchasing managers could need to become more intimately familiar with their business’s manufacturing and maintenance work.

  4. EstablishMetrics - Improving performance in any area starts with identifying and defining core metrics. Standard metrics to consider include days of inventory on-hand, number of stockouts, ratio of expedites to routine replenishment orders, and parts obsolescence. Track Performance - Once key metrics have been identified and defined, they must be tracked and reported. This can be done manually or via various types of management systems. Develop Skilled Inventory Managers - MRO stock areas need to be managed like a retail store with finicky internal customers, perishable products and zero price markups to cover costs. • Centralize Storage And Control - Central purchasing and storage of such parts and supplies must be complemented by standard put-away practices and computer tracking systems so items can be located quickly and easily.

  5. Visit Moglix! We are Reimagining procurement and supply chain technology

  6. Thank You • Visit us on https://business.moglix.com/ © Mogli Labs Pvt. Ltd.

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