Last week, we talked about process failures that can affect organizations negatively. This week we delve deeper into additional processes that often fall victim to MRO failure. 3. Inaccurate MRO Demand Forecasting – An easy way to save money on MRO parts is by accurately forecasting their demand.
The first 4 installments of our Blog series addressed root-cause MRO management failures: Problems due to Workflows, Unconstrained access to MRO data, and the like. Let us look at some common obstacles that must be navigated due to perceived exigencies of business. Rush MRO Orders – When a
As the year draws to a close, we look back at our greatest hits of 2015. We started off the year by bringing ‘Big Data’ into the MDM mix and followed it up with some great tips on Data Quality for enterprises. Our three-parter on the oil and gas industry
After discussing the human aspect of MRO management in our previous post, we now shift our focus back to processes and policies. This post highlights one of the most commonly overlooked areas of materials data management – workflows. Workflows are critical for the success of your MRO management
Organizations comprise people and processes. We focused on Processes in our previous post, this one will elaborate on how employees, your greatest assets, can help (and hinder) your MRO management. 3. ERP Access for all – There is a reason why the concept of ‘need to know’ came into being
Our 1st Blog post (of this series) described how MRO intensive Organizations tend to side line the Asset reliability processes that in turn results in negative business outcomes. Starting this week, we will be listing the most common pitfalls and steps to avoid them. Here are the 2 that
Business enterprises looking for expansions or growth tend to focus on certain functions like product design, and production in addition to sales. While most of the energy is expended on production efficiency, tight process control, information technology and supply-chain management, indirect materials (or Maintenance, Repair & Operations {MRO} parts) tend
Master Data Management and Metadata Management are common terms in the field of enterprise information management and refer to two distinct things, but there is some confusion about them. Let’s see what each of them mean. Webopedia defines metadata and master data as – Metadata – “Data about data.
The term ‘global village’ was first used by author Marshall McLuhan in the early 1960s, but it has only been in the last few decades that the world has started to take the form described by McLuhan. With the contracting of the globe (metaphorically, of course) a number of organizations
Everyone and their aunt know that the price of gas is falling and this has caused great upheaval in one of our favorite industries – oil and gas. In the past decade, in which Verdantis has implemented numerous Data Governance and Material MDM initiatives, some of our biggest clients have
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