Best Practices to Increase Effeciency and Productivity while Reducing MRO SPend
As Reliability Engineers, we are tasked to consistently improve an operation and life cycle of systems. Many of the improvements are derived from changes in materials we add or remove from the identified system. These materials are referred to as MRO or Indirect Spend. MRO costs can add up to a significant portion of expenses for a business.
Unfortunately, this is the cost a business pays to remain in operation. Without spare parts and other associated materials, operations would cease to exist. Reliability
Engineers can focus on these expenses that will improve the bottom line. This paper will focus on what MRO is, and provide examples and case histories of successful Continuous Improvement projects that reduce MRO costs and improve Reliability.