How can Quadrem help me improve plant and equipment availability while better controlling my MRO inventory costs?
Organizations that carry large amounts of inventory and manage Enterprise Resource Planning (ERP) systems inevitably are affected at some point in time by either too much or too little stock. Either way the business impact affects revenue. Too much inventory simply means less cash flow and dead investments, while too little inventory means that the risk of plant down time due to stock outs could lead to the loss of production and revenue. ERP and EAM (Enterprise Asset Management) systems do not calculate Order Points or Order Quantities for Maintenance, Repair and Operations (MRO) items correctly. These data points are almost always calculated once in the life time of the material and this done through manual internal processes which result in poor investment decisions and unrealistic KPIs. Quadrem’s xIO™ Inventory Optimization service ensures that not only will the risk areas of under investment be exposed but also where too much inventory on hand is exposed.
