Material Master Data Management

There are a handful of factors that drive companies to invest in MRO data quality. The most common drivers are system consolidation, in which several instances of an EAM or CMMS are being merged into one system, and Operational Excellence Initiatives. OptimizeMRO serves both needs equally well.

We are especially skilled at harmonizing data from disparate legacy systems and we bring the business expertise to enrich the data so that it supports operational performance improvement initiatives in the process. Our proven methodology, Partlinq platform and domain expertise ensure that your data load will meet the project schedule.

OptimizeMRO delivers high quality MRO data. Our domain experts understand how data is used to lower costs and boost asset reliability, which are critical to achieving Operational Excellence objectives. Today, all organizations must run leaner, be agile and responsive to customers and stakeholders, and make strategic decisions based on data and analytics. OptimizeMRO provides data solutions that reduce system footprints and support operational excellence initiatives.

Our data solutions drive fundamental change leading to increased efficiency, improved business agility, and ultimately, better stakeholder relationships. We enable and support the Digital supply chain journey of our clients and have tailored solutions for asset intensive industries for whom plant uptime is a top priority, while keeping their inventory lean and maintenance costs optimized. Some of the key services we provide that support a client’s digital transformation program are:

• Business Process Transformation: Business Transformation is about more than just an IT upgrade or a new system. It is about challenging the status quo of your MRO practices and improving the efficiencies thereof. At OptimizeMRO, we believe that our expertise lies in transforming MRO organizations – by leveraging our deep industry knowledge and expertise of best practices, we help enterprises identify and transform their business processes to reduce costs and increase efficiencies.
• Master Data Excellence: For successful Digital supply chain initiatives, master data is one of the most critical elements. And the benefits of digital supply chain transformation initiatives are many:
  • Consolidated rich data, that provides visibility into both functional & plant level details
  • Consistent and reliable data that is governed as per industry standards
  • Able to derive actionable insights to make accurate and spend management decisions
  • Reduce the risks of bad data
• Master Data Governance: With a large number of daily supply chain transactions, data quality deteriorates quickly and the organization is analyzing and reporting KPIs based on incorrect data. Our MRO data governance solution is designed to prevent that problem.
• Data Transformation: Data-driven supply chain transformations can help you achieve more accurate and consistent forecasts, offer faster responses to user demands, improve inventory management, and reduce costs. It is not just about transforming the data; but about transforming your entire supply chain by combining all the people, processes, and technology involved in getting information to where it needs to go.

Our services benefit the entire organization, but functions such as procurement, maintenance, reliability, supply chain, inventory, stand to benefit immediately.

The process of establishing a clean MRO database has multiple stages, each of which is crucial in establishing a reliable and sustainable data governance model.

A JOURNEY TO

MRO DATA EXCELLENCE

As we work with clients across the globe, our services extend to languages beyond English such as French, German, Spanish and several other languages.

OptimizeMRO Data Services Enable Clients to:

• Create and manage clean and up-to-date material master repositories, which serve as the backbone for Supply Chain, Procurement and Maintenance
• Optimize the supplier base, to reduce Cost of purchasing and procurement, shipping cost and improve strategic sourcing relationships and maintain pricing rationalization.
• Conduct Crib Crawl, Vendor Master Maintenance, Asset Register Cleanup and setup a Master Data Governance framework
• Optimize the purchasing process through Integrated Procurement Support Process
• Manage Indirect parts inventory to reduce Asset down time, reduce inventory carrying costs and improve Warehouse/Stores management
• Improve control of Direct Materials, by optimizing Bills of Materials (BOM) Management and ensuring efficient procurement.