Don't Let Your MRO Inventory Manage You: Part 3

PART THREE: YOU HAVE INFORMATION IN YOUR SYSTEM, BUT IT’S NOT BEING USED EFFECTIVELY

Even with a well-organized storeroom and a fully functional CMMS/EAM system, ineffective data collection and management will negatively impact your materials management operation. Things like lack of standardized descriptions, incorrect inventory data, incomplete or inaccurate supplier information, incorrect or missing locations, incomplete or inaccurate bills of material, missing or inaccurate lead times, reorder points, and reorder quantities, or missing parametric data (e.g. critical spares, repairable items, ABC classifications, cycle count frequencies, etc.) all contribute to inefficiency, material delays, and increased costs.