MRO Inventory Data: 5 Reasons Why Using It Isn’t a Pipe Dream

The effectiveness of procurement teams depends on the reliability of their data. However, this data is often incomplete or inaccurate, leading to inefficiencies, wasted resources, increased risk, and missed cost-saving opportunities. To overcome these challenges, it’s essential to move away from traditional approaches and adopt modern, data-driven strategies that unlock the true potential of MRO data.

Key elements of data-driven operations:

  • Data reliability fosters alignment between procurement and operations
  • Intuition-based MRO management is unreliable
  • ERPs often lack the context needed for MRO decision-making
  • AI/ML-driven approaches enhance decision-making
  • Specialized software provides deeper insights from data

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