Oniqua Intelligent MRO Blog

Dan Miklovic, Principal Analyst - LNS Research

Principal Analyst, LNS Research

Recent Posts

Why MRO Inventory Optimization Should be a Core Competency

Posted by Dan Miklovic, Principal Analyst - LNS Research

10/29/15 12:16 PM

Spare parts: sounds like a relatively simple activity, yet for many organizations that have otherwise embarked on an Asset Performance Management (APM) journey it is an area where they’re terribly inefficient.
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Topics: inventory optimization

MRO Inventory Optimization: Some Things are Just Good APM Investments Regardless of Energy Prices

Posted by Dan Miklovic, Principal Analyst - LNS Research

9/14/15 11:08 AM

It has been a wild year in the energy sector, particularly in Oil & Gas.  Crude prices have fluctuated wildly, particularly in the third quarter of this year.  Many upstream and integrated producers are feeling the pressure and even downstream-only companies while benefiting from lower raw material costs are all wary of spending right now.  This is a dangerous situation in that as tight as revenue might be, some opportunities are just so great it doesn’t make sense not to invest, even now.  Asset performance management (APM) is one area that has such a strong influence on safety, environmental and productivity issues that even though times might be tight, skimping now is more dangerous than spending.  One particularly cost effective area within APM to invest in now is MRO inventory management AND optimization.  This is an area where relatively small investments can yield some substantial payback.  What’s worse than equipment breaking? Not having the materials to repair it when it does.  The other side of the equation is carrying such a large just-in-case spares inventory that today’s slim profits are further eroded by inventory carrying costs and out dated material disposal costs. 

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Topics: inventory optimization

What is Intelligent MRO?

The smartest way to optimize MRO spares and materials

Intelligent MRO is about using advanced analytics and best practices to:

  • Minimize cost, waste and risk
  • Maximize service levels and asset performance
  • Improve resource and process efficiencies
  • Drive bottom line results

Get the latest perspective from maintenance, repair and operations professionals in oil and gas, electric utilities, mining and other asset intensive industries right here.

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