Analysts estimate that up to 60 percent of all MRO inventory in an enterprise is excess, obsolete or rarely used. That adds up to unnecessary waste, higher production costs and a lower bottom line. But it doesn’t have to be that way.
In a new white paper The MRO Inventory Dilemma: A Two-Pronged Approach to Optimize Stock and Drive Savings, GEP’s MRO experts explain the key reasons that lead to excess, obsolete, or infrequently used MRO inventory, based on experience of working with hundreds of large global enterprises worldwide. The paper also shares proven effective strategies that you can implement to optimize your MRO inventory and investment in capital spares.
A must-read paper for all procurement and supply chain pros looking to manage their MRO spend more effectively and drive higher savings for the enterprise.