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
The Inevitable Challenges with Procurement of Services
16 - 10 - 2018
Procurement of services continues to be a challenge for the procurement departments. Read this blog to find out why and learn how to overcome the challenge.
CFO, Why You Too Should Care About Spend Under Management
10 - 10 - 2018
Bringing more spend under management is a priority for the Chief Procurement Officers. This blog discusses why the metric matters for the Chief Financial Officers, too.
3 Trends That Are Driving Procurement Transformation
28 - 08 - 2018
The 2018 ProcureCon Benchmarking Report gives insight into the collective mind of the Chief Procurement Officer. This blog highlights 3 trends we think you should be aware of.
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.