Smarter Procurement in MRO
Procurement Trends, E-procurement
In an age where timelines and cost structures mean everything, procurement has shifted to a central role in the cost and efficiency strategies of some of the world’s most powerful companies.
In certain industries, procurement in logistics is central to operations. Without the right equipment and services in the right place at the right time, some businesses simply can’t fulfil orders. This is especially true for heavier industries – including oil & gas, steel, shipping and automobile manufacturing – where effective procurement for Maintenance, Repairs and Operations (also known simply as MRO procurement) can mean the difference between job completion or delays.
When procurement in logistics means everything
MRO management is a constant balancing act that demands a modern procurement platform with effective workflow automation. It’s about allocating and managing resources as efficiently as possible, so that on the one hand working capital and cash flow are optimized, while on the other hand inventories are minimized. Put even more simply, sometimes it’s just being able to search and find a specific part or service for the job at hand. Procurement in logistics is not just an add-on – it’s a central part of asset management strategies.
A procurement platform like no other
The third chapter of OpusCapita’s procurement eBook takes a closer look at procurement in logistics, with an MRO case study about a Danish shipping conglomerate. When the company needed a solution that would bring together the catalog and ERP systems of multiple business entities involved in a wide diversity of operations, they turned to OpusCapita for help in implementing a complete MRO procurement platform.
Topics covered in this chapter and MRO case study include:
- The challenges of independent procurement and ERP legacy systems
- How workflow automation can help with asset management
- How effective catalog search is the starting point for an MRO procurement renewal project
This is the third of four chapters in OpusCapita’s latest procurement eBook, where we look at modern (and smarter) procurement through customer case studies from companies operating in a variety of industries.
Read more blog posts about E-procurement
Building a foundation for source-to-pay
27 - 01 - 2020
It wasn’t too long ago that a colleague of mine suggested that the worst thing an organization could do (when building up their source-to-pay) was to focus on the low-hanging fruit
An Interview With Dirk Fischbach - Source-to-Pay in 2019, a Review
19 - 11 - 2019
We recently had the opportunity to catch up with one of the busiest guys at OpusCapita, Dirk Fischbach. Dirk is the Head of Procurement & Invoice Automation at OpusCapita.
Procurement contradictions: ambition and reality
22 - 10 - 2019
CPOs operate where contradictions exist between ambition and reality. The Procurecon Report does well to describe the current path to e-procurement digitalization.
Other content you might be interested in:
Smarter e-procurement software: 4 procurement case studies
OpusCapita’s latest ebook comprises 4 procurement case studies that look at some of the most common challenges and solutions in the world of modern procurement.
Solutions for purchasing spare parts, consumables and services for MRO
Finding the right spare part, consumable or service for MRO activities from contracted suppliers can be a challenge for maintenance. Here is how OpusCapita solutions can help.