MRO

Is Remanufacturing of Bearings Reshaping the Global Bearings Market?

Major bearing manufacturers such as SKF, Timken and Schaeffler are investing huge on remanufacturing of bearings and are partnering with major OEMs for heavy duty applications. Fluctuating demand and increasing input costs (raw material and labor) have created a gap between production and supply of bearings. Remanufacturing has levelled the supply of bearings, particularly for heavy duty applications. In recent years there has been increasing demand for remanufacturing, mostly due to a service life extension and reduction in cost.

Technological Advances in the Pressure Transmitter Market

Technological advancements are expected to augment the growth of the pressure transmitters market in coming years. Some of the key trends prevailing in the market are multivariable transmitters, integrated transmitters, and wireless transmitters. These products are widely used in the market as they provide improved diagnostics, higher accuracy, and greater reliability, thus helping buyers optimize resources, safety as well as security.

European Buyers of Casting Parts – Is Eastern Europe a Preferred Sourcing Destination?

Casting products are used in most of manufacturing industry segments in some form or the other. Automobile industry is one of the key end user of the castings market due to its wide applications in manufacturing parts like engine parts, suspension, brakes, steering etc., and the most common forms of castings used are iron, steel, aluminum, and magnesium. It is estimated that about 50% of the castings are used for the automotive and heavy equipment industry.

Industrial Maintenance Contracts

Industrial maintenance continues to remain one of the main outsourced services by industrial companies that want to focus on their core business. Adopting the right contractual agreements for industrial maintenance remains a challenge for several chemical, oil and gas companies. In this blog, we address the major type of contracts most companies adopt, along with their pros and cons.

Driving MRO Savings & Efficiencies

A new procurement trend aimed at curtailing widespread inefficiencies within the MRO domain is fast catching up. MRO category managers have started adopting a more methodological approach as they have become aware of the potential savings that an efficiently managed MRO can bring for the company.

Industrial Maintenance Services in North America

One of the key services used by the manufacturing and process industries in the MRO space is industrial maintenance services, comprising of mechanical, electrical, construction, industrial cleaning, scaffolding, welding and fabrication services. Over the years, end users have increasingly resorted to outsourcing of these services, as they were non-core and outsourcing enabled them to reduce costs by eliminating unnecessary equipment.

Industrial MRO Standardization

With thousands of line items in place, maintaining optimum inventory levels per standards becomes a critical factor. Sheer diversity of spare parts, from fasteners to pumps and pulleys to lubricants, leads to huge amounts of data, consisting of line items with typical per unit spend size of a few dollars.

Developing a Sourcing Strategy for Lab Consumables

The category of lab consumables is often overlooked due to both spend and diversity in terms of the products sourced. Large global companies have the potential to save millions by implementing new sourcing and pricing models.

Landscaping Industry Challenges and the Impact on Businesses

In real estate, they call it curb appeal. A bad first impression can deter a potential buyer before even entering the home. It’s no different on the commercial side. Landscaping is one of the key categories in facilities management. A great landscaping provider makes a key difference for large firms with a pleasing first impression. Regular and efficient landscaping is also a key component of creating a brand image for commercial landscaping businesses.

Market Slowdown to Impact MRO Spend, Demand for MRO Outsourcing Predicted to Rise

Current market slowdown, economic turmoil and record low oil prices have led to a number of oil and gas projects getting delayed or shelved, thereby weakening MRO demand. With weak MRO demand, and lower metal and lubricants prices, category buyers can cash-in on the resultant direct unit cost reduction on parts and spares.

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