MRO/ Maintenance Stock Solutions
Ensure Availability of Production-Critical Parts
MRO inventories play a vital role for manufacturing and process plants, ensuring production-critical parts are always available. However, with a finite shelf life, shrinkage is an issue, meaning excessive MRO inventories not only tie up working capital, but also affect profitability. An important factor when many MRO inventories are of considerable value.
Inventory Strategy Manager analyses the insurance criteria and historical demand of the production-critical parts and ensures the minimum inventory to meet the level of service is held. The converse is the service parts which, while non-critical to production, can cause significant stock-out cost as the real cost of an engineer purchasing a single item and delaying the maintenance schedule is considerable. Inventory Strategy Manager enables different inventory policies to be applied to the production-critical and service parts (categorised as necessary), ensuring their different service level requirements are balanced against their different stockholding costs and risks.