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MRO Inventory and Spare Parts Optimization

MRO Inventory and Spare Parts Optimization

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

Statistics show that materials and spare parts costs comprise more than 60% of the total maintenance cost, in addition to their impact on making plant units available, running, and producing quality goods required to achieve business success.

Dexterity provides its services for MRO inventory and spare parts optimization to manage inventories and MRO spare parts proactively and effectively. This ensures asset availability and cost reduction using risk-based thinking and efficient supply chain management practices.

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 models.
  • Defining order points and quantities based on criticality, usage patterns, cost, and supplier lead time.
  • Inventory database creation and implementation.

Millions of dollars are typically spent on MRO item inventories that are critical for the company's business operations. Dexterity helps organizations optimize these expenditures while fulfilling their purpose and providing asset availability.

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