Companies are challenged with the task to reduce their Maintenance, Repair and Operations (MRO) spend, whilst growing the production and meeting the fast-changing demands of the business and the consumers. By properly optimizing MRO, the savings can come up to 25%. However, do you know how to minimize maintenance, repair and operating cost while maximizing operational efficiency? Our MRO Optimization solution is based on the activation of data and information from your organization, your legacy systems, and your suppliers. We deliver an advanced intelligence layer in the form of a platform, that makes sense of that data and provides transparency in spare parts, stock levels, and supply chain. The solution is tailored to the needs of all departments involved with MRO and solves a diversity of business challenges, like reducing tail spend, identifying spare parts and optimizing operational efficiency. Taking control of MRO spend is only one step away.
In manufacturing companies, there are three departments which are directly affected by MRO-related problems: Purchasing/ Procurement, Supply Chain, and Operations & Maintenance. In an increasingly complex environment, in which the role of these departments continues to expand and evolve, the challenges they are facing, increase accordingly:
Purchasing/Procurement departments must navigate long supply chains with several points of contact, which increases the chance of things going wrong. Reducing unnecessary or accidental orders, optimizing the number of purchases, finding cheaper alternatives to expensive products, and improving efficiency are the main challenges handled daily by this department.
Ineffective supply chain management can lead to high costs, excess inventory or machine downtime. That’s why the main challenges of Supply Chain departments are to optimize spare-part stock levels, standardization of parts, and dealing with the overwhelming amounts of data coming from stakeholders. In today’s constantly changing environment, organizations that are best able to control and track their inventories will have an enormous advantage over their competitors.
Operations & Maintenance departments have the stressful task of making sure everything works properly. Their biggest challenge is risk management. Pinpointing areas of high risk, such as machine or system failure that can cause downtime or outage of production, is their most vital job. Another issue they must handle is deciding when a machine has depreciated enough to be replaced. What is the best moment for a switch and how much will it cost?
The departments that are facing MRO challenges, often aren’t even aware they are experiencing different sides of the same underlying problem, and the cycle of bad product data persists. Our MRO optimization solution addresses all needs and gives back control to every department involved with Maintenance Repair and Operations, delivers significant cost savings and optimizes the full supply chain cycle. It gives global insight and local autonomy across departments.
“Break the Cycle of Bad Product Data and optimize MRO purchasing”
Quint believes in delivering actual value every step of the way. That’s why we always start to activate a selected data set in order to analyze where the biggest opportunities for optimization and cost-savings are in your specific situation. Coupled with our domain knowledge, industry benchmarks, and data expertise, we provide a savings calculation and recommendations at the very beginning. We tailor the solution to the business challenges and needs of our customers, and optimize MRO through a unique combination of:
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