by Don Barry and Kathy Taylor, SEAM Group
Transition MRO storerooms to become a cost optimization asset based on strategic development of data management, key processes, design, and governance.
Learning takeaways:
- Improve business performance by optimizing facility data and leveraging subject matter expertise to develop an optimal inventory stocking and replenishment strategy.
- Design and implement process controls and execution protocols to ensure inventory accuracy, eliminate unnecessary purchases, and manage the chain of custody for inventory items through asset consumption.
- Develop governance processes to embed management, the execution team, and stakeholders into effective inventory management.
