Maintenance, Repair, and Operations (MRO) inventory management play a crucial role in the efficient functioning of industries, ensuring that equipment and machinery remain operational and downtime is minimized. However, managing MRO inventory can be a complex task, often leading to excess stock, increased carrying costs, and inefficient processes. This is where MRO stock optimization projects come into play, offering businesses a strategic approach to streamline their inventory and achieve significant cost savings.
If your company is experiencing trouble with inventory management, which is a common problem for capital intensive enterprises, this article can serve as a starting point to find a successful solution.
(1) Scoping the MRO Stock Optimization Project
(2) Actions Taken for Transformation
(3) Achievements and Transformative Benefits