MRO Inventory and Spare parts Optimization

MRO Inventory and Spare parts Optimization

Inventories and MRO (Maintenance, Repair and Operation) spare parts are essential parts of asset health requirements and managing them is one of core asset management processes.

Statistics showed that materials and spare parts cost compromise more than 60% of total maintenance cost in addition to their availability effect on making plant units available, running and producing quality goods required to attain business success.

Dexterity provides its services for MRO inventory and spare parts optimization to manage Inventories and MRO Spare Parts in a proactive and contemporary way needed to control both asset availability and reduced costs. It will use risk-based thinking in managing MRO inventories and spare parts as well as effective and efficient inventories practices and related supply chain management.

These services include:

  • Creation of MRO inventory management policy and philosophy
  • Inventory analysis and assessment.
  • Inventory classification and criticality analysis.
  • Developing and implementing demand forecasting model
  • Defining order points and quantities based on criticality, usage patterns, cost & supplier lead time.
  • Inventory database creation and implementation.

Normally, millions of money are spent in MRO item inventory which are critical for the company business operation. Dexterity helps organizations to optimize these expenditures while fulfilling their purpose, providing asset availability.