Maintenance, repair, and operations inventory reduction and operational development

Abstract

Emphasis on maintenance, repair, and operations inventory (MRO inventory) can lead to improvements in inventory control and productivity while reducing operational costs. This study focuses on different approaches to optimising and reducing spare part inventories by addressing the development of MRO inventory operations and by analysing the development efforts of an urban energy company. The results indicate that typical challenges faced in inventory control are due to inadequate control and management policies and procedures. Three main viewpoints are emphasised to developing spare part inventory operations, with a broad focus, including: material management, supplier management, and information system management. The need to adopt business process management methods to enable successful continuous development of the spare part inventory processes is also highlighted. A potential framework for the MRO inventory management development process is developed as a result of the findings, and the role of correct roles and responsibilities within the organisation is highlighted.

An analytical study on establishing strategies for improving the productivity of the spinning industries

“…Accordingly, Pozzi et al (2019) deployed simulation to 'reshape the maintenance systems of caster segments'. The study by Siponen et al (2019) emphasised on repair, maintenance and operations inventory as the crucial issues that can improve productivity and inventory control while simultaneously reducing costs. Their study revealed that some companies face challenges due to ineffective management and control procedures and policies.…”

“…Their study revealed that some companies face challenges due to ineffective management and control procedures and policies. Eventually, Siponen et al (2019) suggested the formulation of the suitable framework and information system management, material management and supplier management, which must operate with a well-developed continuous improvement program.…”