MRO

Evolving Business Model in MRO – Managed Service Providers

Lately, organizations are shifting toward Managed Service Providers (MSPs) for managing their MRO supply chain, over from traditional engagement models where they worked with OEMs or distributors (or both) for different MRO sub-categories. The primary advantage of MSPs is that they are better placed to create synergies through volume consolidation, and can drive significant savings due to their huge client base (which includes a large network of OEMs and distributors, as well as end users).

Global MRO Market to Witness Moderate Growth

The global MRO market, driven by new capital additions and a drop in the average age of private equipment, is expected to grow moderately in 2017. The demand from commercial, institutional and government sectors will be stronger compared with the construction and utility segments.

Transformations in Automotive Spare Part Supply Chain Management

Automotive manufacturers, having been traditionally focused on increasing sales of new vehicles, are now giving equal prominence to the spare parts business. This is mainly because vehicle sales are becoming less lucrative due to a highly-congested marketplace, increased regulatory scrutiny and extended car ownership lifecycles. Automotive firms’ share of revenue generated from sales of spares and services has been steadily increasing due to increased vehicle lifetime. Since the aftermarket business is more about delivering parts at the right time, in the right quantities and at the right location within a supply network, industry operators are adopting new approaches to capitalize on the opportunities in the market.

OEMs Drive the Compressor Market in the United States

The air and gas compressors market is expected to grow in coming years, driven by the revival of stalled infrastructural projects, technology innovations and the demand for eco-friendly products. To capitalize on these lucrative business opportunities, vendors are offering customized products, focusing on energy efficiency, investing in research activities and undertaking acquisitions.

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.

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