Reliability and Operations teams have always struggled with a repeatable process for defining criticality for maintenance spare parts. It is often too easy to make everything critical and often entails a binary method of “yes/no” or “true/false.” Most criticality review processes are static (one and done) and are not revisited nor adjusted with changing business…
The world is driven by data. MRO data (also known as indirect material data or material master data) is no exception. Asset intensive organizations continuously strive to be more efficient while being cost effective. MRO data remains one of the most untapped sources of savings for procurement, maintenance, and inventory departments within the manufacturing environment….
Traditional supply chain management practices have emphasized stringent, just-in-time inventory and cost controls. With the current disruptions to manufacturing and shipping logistics, much has changed. Continuity has become the No. 1 priority. In other words, with supply chains now less predictable and a longer wait time for getting parts in-house, you must do whatever you…
Due to the extraordinary times, companies must consider inventory management from a risk perspective more than ever as the current situation severely stresses the supply chain. In this webinar, you’ll learn about maintenance strategies that maximize the equipment uptime and reduce the need for emergency parts replacement during and after a pandemic. The webinar also…