Industry survey from The Center for Supply Chain Research(R) Smeal College of Business, The Pennsylvania State University in collaboration with Ivaldi and SDI sheds light on reasons for early retirement of capital assets.
This white paper sheds light on the hidden costs of early retirement of capital assets due to maintenance, repair, and operations (MRO) failures. An industry survey of over 50 professionals reveals that nearly half of major assets are retired before the end of useful life, with lack of spare parts availability cited as a major reason.
The paper explores the challenges of:
- MRO parts availability
- Lead times
This research calls for innovative solutions like additive manufacturing to mitigate MRO failures and extend asset lifecycles. This white paper offers valuable insights for operations and supply chain leaders seeking to optimize capital asset management.