This white paper discusses the potential for cost reduction in Maintenance, Repair and Operations (MRO) spending. MRO is a complex category, with many companies overlooking up to one-third of their MRO spending. However, with the right strategies, procurement leaders could save up to 25% on life cycle costs. The paper highlights the inherent complexity of MRO, including a large number of SKUs, suppliers, and low-dollar items, as well as a lack of visibility into spend and data. It recommends a comprehensive approach to MRO management that takes into account the different types of MRO and returns optimal value from all portions of MRO spend. The paper suggests grouping MRO into categories and implementing effective strategies to reduce costs.
