MRO asset management solutions
Inventory Optimization (IO) is a proven solution for driving availability, reliability, continuous improvement, and cost reduction. ”Know what you have, know what you need” is the foundation of any successful materials management program. What’s more, indirect inventory investment is often neglected. Analyzing, identifying, and optimizing MRO and spare part levels results in inventories that are organized digitally and physically, with well-defined item data and an effective inventory management strategy aligned with usage.
Our inventory optimization services include multiple strategies such as detailed data analysis with crib crawls for accurate information capture, comprehensive inventory turn analysis, A/B/C analysis, Min/Max/Reorder point review, identification of critical spares, excess/obsolete disposition and investment recovery, process design to sustain the inventory over the long term, OEM commercialization, and a Plan For Every Part (PFEP).
Shrink your inventory and lower your total cost of ownership
Everything starts with a data-driven process to shrink and sustain your inventory at optimal size for the lowest total cost of ownership. Stratification of your inventory data offers a deep dive into product details such as quantity on-hand, usage, purchases, velocity through the supply chain as well as internally, replenishment parameters, and more. The nature of your moving and non-moving parts requires that these inventory pools be optimized in vastly different ways, and a data-driven process provides a clear path to follow.
When tackling obsolete inventory, Turtle creates MRO asset management solutions that leverage multiple best practices including supplier returns (many suppliers allow inventory returns up to one year after purchase), intra-company transfers, directed consumption, transfers to other clients, promotion on third-party platforms and marketplaces, determining salvage value, and scrap/write-off.
The value of our approach will result in your competitive advantage including:
- Increased item availability regardless of storage location (on-site/off-site)
- Stock levels determined by need time and lead time
- Improved inventory accuracy
- Optimized service levels
- Reduced total cost of ownership through effective inventory management
- Space reallocation/footprint reduction
- Increased efficiency in storeroom, maintenance, and production
- Overall process improvement
- Maintenance downtime and overtime reductions
- Improved net working capital in real budgetary dollars
Turtle has reimagined MRO integrated supply to give you more control through a focused set of solutions that drive results. The cumulative effect of our solutions puts you on the pathway to improved reliability and reduced costs that help your bottom line.
Let’s discuss your project requirements
