Maintenance, repair and operations (MRO) groups at many companies are facing a major challenge: toxic MRO master catalogs stuffed with incomplete data on replacement parts, a problem that drives up costs and creates large-scale problems for multiple corporate divisions.
To combat this problem, companies must engage in a comprehensive effort to standardize and enrich MRO data, adopt a sustainable MRO data-governance model, and develop a strategy for MRO lifecycle management, according to John Ferguson, certified maintenance and reliability professional for the IHS Supply Chain service at information and analytics provider IHS.
Speaking last month via a live IHS webcast event entitled “Understanding the Cause & Effects of Toxic MRO Foundational Data,” Ferguson described the magnitude of the MRO-parts challenge and outlined possible solutions to the problem.