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Lean MRO Inventory through AI & Data Analytics
Posted on Mar 8, 2021 |
Posted in News |
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MRO Inventory may vary from company to company but Leaning MRO (Maintenance, Repair and Operations) Inventory through Artificial Intelligence is important for a firm to run straightforward with efficient productivity in the long terms. In case of any breakdown or any mishap, Lean MRO Inventory can tell about the availability of items very quickly and protect an organization from Overproduction, Waiting time, Transportation, Scrap and others.
MRO Inventory may vary from company to company but Leaning MRO (Maintenance, Repair and Operations) Inventory through Artificial Intelligence is important for a firm to run straightforward with efficient productivity in the long terms. In case of any breakdown or any mishap, Lean MRO Inventory can tell about the availability of items very quickly and protect an organization from Overproduction, Waiting time, Transportation, Scrap and others.
Keeping stock of Repair tools, Office supplies such as gloves, masks and other Safety equipment like laboratory equipment, cleaning, batteries valves, compressors, motors, belts, and more via AI and Data Analytics is becoming an important task to manage any unavoidable critical operations in less time. It ensures that the production continues smoothly, and a failure can be handled easily and quickly without any haphazard manner.
It has been noticed that some companies ignore the importance of maintaining MRO Inventory as they feel that does not directly facilitate in generating revenue. It’s a one-time event which yields flexibility, Supply chain management, Continuous improvement because some costly items may have an expiry or may require symbolic operations at the end of every period. In lean terms, these underutilized or obsolete inventories, and the associated procurement activities which are not directly related to production), are considered waste, or muda.
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