MRO Purchasing or Maintenance, Repair, and Operation is important for a successful business.

1. HOW MRO PROCUREMENT
CAN BE A HIDDEN EXCESS
INVENTORY

2. What is MRO?
MRO Purchasing or Maintenance, Repair, and
Operation is important for a successful business. Every
Industries production and delivery of products
on how we maintain the machinery/equipment.

3. MRO Role in Every industry
Machinery/Equipment in every industry had to take care of properly
production and profitability of the organizations. In today’s competitive world
every day comes up with different challenges that are difficult for every business
to sustain within the market.
One of the foremost critical challenges among this is often the procurement of
MRO spares for the Industry or Machinery. MRO items are the foremost
things in every industry to take care of good productivity. This direct and
procurement of MRO spare parts for the industry could lead on to an outsized
amount of spend if data are maintained improperly. Some of the Industries fail
take care of their MRO procurement and spend on the precise procurement
which results in excess inventory and loss of high value from the organizations.

4. How Excess inventory?
The business are going to be running consistent with the
requirements of the customer or user . to satisfy the business
goal MRO procurement helps to satisfy the stress .If the
forecasting exceeds needs results in Excess Inventory.
Poor maintenance of knowledge within the warehouse results in
Excess Inventory and it'll end in High MRO spend. It affects the
entire cost management of the industry. These hidden costs of
MRO procurement will eat the income for each industry. These
are often resolved by making strategy for the MRO

5. Strategies of MRO Procurement
To control the procurement to avoid any loss without preventing any
and reduce the value of the merchandise it's necessary to implement a
procedure consistent with their own needs and within the evolutionary
remarkable SOP are followed by many industries and it flows as a technique
Standard procedure for industry
Below is that the standard procedure which will follow to take care of the
procurement of MRO spares and reduce spend on MRO procurement.

6. It reduces excess procurement of MRO items for the industry
 Supplier Optimization
 TQM
 Risk Management
 Global Sourcing
 Vendor Development
 Green Purchasing
Source:- https://blog.goospares.com/how-mro-procurement-can-be-a-
hidden-excess-inventory/