MRO Spend Reduction PART 1: Inventory Optimization
Many manufacturing and asset-intensive companies will agree that MRO / Indirect Materials represents one of the single largest cost savings opportunities within their organization. But with thousands of spare parts on-hand, limited spend visibility, and a multitude of suppliers at their disposal, how do purchasing and procurement departments begin to capture these highly sought-after cost savings? Part 1 of the answer is Inventory Optimization. IMA Ltd. offers a data-driven I
