Maintenance, Repair & Overhaul

Maintenance teams rely on a vast array of materials and supplies, such as spare parts, lubricants, tools, and safety equipment, to maintain operational efficiency. This collection, known as MRO inventory, is foundational for ongoing asset maintenance. Despite its recognized importance by 94% of industry professionals, MRO inventory management often lacks the rigorous oversight applied to production inventory, leading to significant inefficiencies and downtime due to organization and/or lack of critical spare parts.

The goal of MRO inventory management is to minimize the costs associated with the procurement, storage, use, and replenishment of maintenance materials. It aims to maintain optimal stock levels, considering storage capacity and budget limitations, to ensure the availability of necessary items without resulting in surplus. 

1. Identification: Rapid and precise identification of MRO items is crucial for prompt maintenance actions. The wide variety of parts and supplies requires a comprehensive inventory knowledge.
2. Specification: Accurate specifications of parts are necessary for their correct application in maintenance, ensuring optimal asset performance and aiding in the procurement of appropriate alternatives when necessary.
3. Localization: Efficient organization and location of inventory prevent delays and productivity losses, underscoring the value of a well-organized storage system.
4. Acquisition: Efficient procurement processes guarantee the timely and cost-effective purchase of MRO items, tailored to the specific needs and authorization tiers within an organization.
5. Inventory Oversight: Effective inventory oversight maintains balance in stock levels to avoid both shortages and excess, integrating regular stock reviews, usage monitoring, and demand prediction.

• Spare Parts: These are the extra bits and pieces you keep around to swap out anything that breaks or wears out on your machines and tools. Keeping a good stash of these means you can fix things fast and keep the job going without waiting around.
• Lubricants: The oils and greases you use to keep everything moving nicely without grinding or wearing down. Regular lubing up means your equipment lasts longer and works better.
• Tools: All the hand tools, power tools, and special gadgets you need to get the job done. Whether it's a wrench or a high-tech diagnostic tool, having the right tool at the right time is key.
• Safety Gear: The stuff you wear to make sure you don't get hurt on the job. Helmets, gloves, goggles – you name it. It's all about making sure you go home in one piece at the end of the day.
• Consumables: These are the things you use up as you work, like cleaning supplies, tapes, and batteries. They might not last long, but you can't do the job without them.
• Maintenance Supplies: Other bits you regularly replace during check-ups or tune-ups, like filters, belts, and seals. Keeping on top of this keeps your machines humming and prevents bigger headaches down the road.
• Repair Equipment: The heavy-duty gear you use for the bigger fix-up jobs, like welding machines, hoists, and anything else you need to diagnose and fix the tough problems.
• Operations Supplies: The day-to-day stuff that keeps the maintenance side of things organized, from instruction manuals to the software and office supplies that keep track of it all.