Source One’s MRO category experts share step-by-step spend management insights in the MRO Demystified whitepaper series.
The MRO category presents Procurement professionals with a variety of challenges:
The category includes a diverse range of highly-technical products and nuanced services.
Long-standing relationships between end-users and their preferred suppliers can complicate the supply base.
Purchases are often made with safety and up-time in mind rather than costs or long-term sustainability.
Numerous facilities often make spot buys independently.
Communication between these sights can be spotty and lead to poor or non-existent standardization.
Effectively managing MRO spend means contending with all this and more. Understandably, the category is a tricky one that requires a strategic and methodical approach. Source One detail such an approach in MRO Demystified. The whitepaper series exposes the shortcomings in typical approaches to MRO spend, provides a step-by-step guide to tackling the category, and offers a framework for more effective MRO Category Management.
Sustainable MRO spend management begins with understanding your organizations MRO spend pattern and profile. In MRO Desmystified Part II: The Value of a Spend Analysis, Source One’s MRO experts break down how to approach a spend analysis to identify cost reduction opportunities.