- Manufacturing Use Case
Reducing Indirect MRO Spend
How Profisee can help manufacturers diagnose manufacturing process inefficiencies to improve oversight and reduce costs.
Reducing Indirect MRO Spend
By effectively managing asset data, manufacturers can optimize maintenance schedules, identify opportunities for preventive maintenance and streamline procurement processes for MRO supplies. This reduces downtime, lowers maintenance costs and improves operational efficiency with trustworthy data.
Data Domains
Asset, Location
Business Problem
Lost Revenue, Production Disruption, Excess Costs
Teams Impacted
Procurement, Line of Business, Finance
MDM Impact
Matching Duplicate Parts, Automated Workflows
Business Problem
Data Strategy
Outcomes Business Problem
Effects of Inaccurate Indirect MRO Data
- Inventory Overstock: Inaccurate MRO data leads to overstocking of spare parts, tying up capital and warehouse space unnecessarily.
- Downtime & Delays: Incorrect data results in delays in procuring critical parts, leading to unplanned downtime and production losses.
- Higher Maintenance Costs: Lack of accurate asset data results in inefficient maintenance scheduling and increased repair costs due to reactive maintenance practices.
- Compliance Risks: Inaccurate MRO data can lead to compliance issues, such as using incorrect or outdated parts, which may compromise safety and regulatory requirements.
Data Strategy
How MDM Can Improve MRO Accuracy
- Data Cleansing and Standardization: MDM ensures that MRO data, including spare part descriptions, vendor details, and inventory levels, is cleansed and standardized across the organization.
- Data Governance: Implementing data governance practices ensures that MRO data is accurate, complete, and up-to-date, reducing errors and improving decision-making.
- Integration with ERP and Maintenance Systems: MDM integrates with ERP and maintenance systems, ensuring seamless flow of accurate MRO data for procurement, inventory management, and maintenance planning.
- Continuous Data Quality Monitoring: MDM includes mechanisms for continuous data quality monitoring and validation, flagging inconsistencies and errors for timely correction.
Outcomes
Business & Financial KPIs Positively Impacted
- Reduced Inventory Costs: By optimizing inventory levels and eliminating overstocking, MDM reduces inventory carrying costs and frees up working capital.
- Decreased Downtime: Accurate MRO data enables proactive maintenance planning, reducing unplanned downtime and improving equipment reliability and uptime.
- Lower Maintenance Costs: Improved maintenance scheduling and resource allocation lead to reduced maintenance costs and increased operational efficiency.
- Increased Production Output: With fewer disruptions and delays, optimized MRO processes supported by MDM result in increased production output and revenue generation.
