Maintaining Clean MRO
Missing materials are one of the most repeatedly cited reasons for the delay in completion of maintenance tasks. As spare parts for equipments and machinery are often very high value, this problem cannot be solved simply by having increased warehouse stock.
Proper planning and control of spare parts inventory is a critical component of an effective asset management program. Companies need an effective way to optimize and manage their industrial MRO materials information. They require a single, consolidated catalog with complete and consistent descriptions, free of duplication and ambiguity. To solve their MRO data problems, companies must resort to MRO Data Cleansing to insure that it is accurate, up-to-date, and non-duplicative.
Manufacturing, repair and operations, or MRO maintenance, is something which must be tackled on a regular basis, rather than left for the last moment when things become unmanageable. However tight deadlines are, you must keep data files accurate and up-to-date at all times. Many companies seem to approach data cleansing as they do their spring cleaning, invariably leaving a few cobwebs behind. Quality data helps eliminate costs and improve profits.
But how do companies tackle the seemingly overwhelming task of cleaning descriptions for tens of thousands of entries? It requires a well-defined, structured process for cleansing and standardizing the data. Data cleansing, also known as data scrubbing, is the process of ensuring that a set of data is correct and accurate. During this process, records are checked for accuracy and consistency, and they are either corrected or deleted as necessary.
You do not have to be a genius to recognize that a lot of money is tied up in MRO inventory especially if your business requires the use of capital-intensive equipment. Literally millions of dollars are tied up in spare parts for day-to-day plant maintenance, repair and operations. Typically over time, stored inventory grows to the point where the numbers were just too big to ignore. That’s when inventory gets the attention of management: when the numbers are just too large to ignore any longer. After all, that’s real money tied up in parts.
If you can’t find items because of poor descriptions, then downtime occurs, duplicate items are created, and users buy parts outside of the system. As a result, inventory values rise, inventory turn rates decrease, expedited part orders increase, and equipment downtime increases. All of these have a direct bottom-line effect in industries that often already have very tight profit margins.
Organizations can convert and combine distinct data, remove discrepancies, standardize on common values, parse values and cleanse dirty data to create consistent, reliable information through data cleansing solution. Data cleansing offerings for data enrichment can help improve the quality of your organizational level data. These data cleansing, scrubbing and enrichment offerings can ensure that your databases or master data and material files, product catalog files, naming convention and addresses, item information etc. are current, accurate and complete. Optimization of each inventory category is serious business and can return serious dollars and thus MRO Data Cleansing is an important aspect of business.
