Optimizing MRO and Maintenance Operations with Strategic Inventory Management

In production environments, business forecasts and materials inventory levels must maintain pace with market and customer demand. MRO inventory must be sufficiently stocked, but with relevant supplies and accurate (minimum) levels, in order to minimize wasted expenses and space. An efficient tool crib inventory is meant for stocking equipment and spare parts required for running an operation such that the tools and MRO supplies can be furnished upon demand for applications such as replacing defunct or unusable parts of machinery. MRO management can become an expensive process when parts purchased in large quantities may not be required at all. An example may be spare parts of machines that are no longer in use.

A well planned tool crib inventory management process helps in reducing wasted expenses while contributing to smoother operations with on-time delivery of critical items. The system must be configured to provide accurate tracking of items received, storage locations, quantities, and where dispatched. Web-based inventory management software also has the ability to provide this functionality and reporting simply and efficiently on any browser enabled device, including mobile platforms. Integrated barcode and RFID technology further builds on materials and tool tracking capabilities. The software should provide integration with existing applications and systems of the business.

An ideal inventory maintenance management software implementation is one that has been configured and deployed to accommodate work flow and operations processes using a well thought methodology.

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