Need for MRO Inventory Optimization
Operations that are asset intensive are constantly under pressure to keep MRO inventory levels under strict control. MRO stands for Maintenance, Repairs, and Operations. It includes all activities needed to run an organization's production process and facilities smoothly. The challenge is to keep the service levels at an optimum. Furthermore, improving them is critical to operational success. About 50% of unscheduled downtime in business operations results from the unavailability of spare parts or stockouts. A Cloud-based platform software designed for MRO inventory optimization can face the challenge of asset-intensive environments. To provide an accurate and detailed picture of the MRO inventory performance, some potent capabilities of the software prove effective. It helps businesses make informed decisions, minimize unscheduled downtime, increase service levels, and improve margins. The world's leading Mining, Oil & Gas, Utilities, Transportation, and Pr...