Prioritise MRO strategy to manage costs for your company
By Brian Andrew, Managing Director South and Sub-Saharan Africa at RS Components
It does not matter if times are good or bad - waste is never welcome at any proactive business. Business is primarily driven by profit and efficiency, and waste is an attack on both. But many businesses, particularly among manufacturers, overlook a major cost hidden among their operations: that of MRO (maintenance, repair and operations) procurement.
MRO or indirect procurement concerns those many small parts needed to keep equipment running. It’s fundamentally a supply chain/procurement discipline, but not often considered as a cost centre. Individual MRO items - small parts in big machines such as light bulbs, safety switches, connectors, push buttons, power supplies etc. - tend to be inexpensive and not att...