![]() Like with other types of inventory management, the goal is to perform each of these activities as efficiently and economically as possible so that the business has the right MRO inventory on hand at the right time, at the right cost. MRO inventory management entails buying, storing, using and replenishing all products that fall under MRO inventory. Laboratory supplies for testing or research: Beakers, syringes, test tubes and scales. Office supplies: Personal computers, printers and toner, furniture, paper, pens and pencils. Janitorial supplies: Disinfecting and cleaning sprays, liquids and powders, mops, buckets, brooms, rags and dust cloths and disposable gloves. Safety equipment: Masks, ear plugs, hard hats, respirators and face shields. Maintenance and repair supplies for production machinery: Machine oil and other lubricants, light bulbs, valves, bearings, cutting fluid and spare parts, such as motors and gears. MRO inventory includes a very wide range of equipment and supplies. MRO inventory affects the productivity of virtually every department, so it’s vital to maintain enough MRO inventory to keep the business running while also not overstocking. Spare parts and tools for repairing manufacturing equipment are MRO inventory items, as are gloves and goggles used by plant workers. MRO includes items that are used in a production process but - unlike raw materials - are not incorporated into a company’s finished products. MRO inventory comprises the consumable materials, equipment and supplies needed for maintenance, repair and operations activities. Boston Consulting Group indicates that MRO costs can be as high as 4.5% of revenue in some industries, so reducing MRO spending can have a significant impact on the bottom line. For example, MRO includes routine maintenance and repair of production machinery, as well as everyday activities such as cleaning and obtaining office supplies. ![]() It refers to all the activities needed to keep a company’s facilities and production processes running smoothly. ![]() MRO stands for maintenance, repair and operations. Because MRO inventory can account for a significant portion of a company’s overall procurement spend, it’s important to apply efficient MRO inventory management processes that minimize costs while ensuring the company has just enough inventory to meet its needs. Retailers and service organizations need basic items like light bulbs, cleaning materials and office supplies.Ĭollectively, these items are known as maintenance, repair and operations (MRO) inventory. Manufacturers need components and tools on hand they can use to quickly repair machines and keep production lines operating. Most companies need to maintain a stock of spare parts, supplies and other materials that help keep their businesses running. East, Nordics and Other Regions (opens in new tab) ![]()
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