What are the major challenges in MRO inventory management?

MRO inventory management, referring to the management of maintenance, repair, and operations inventory, poses several challenges for organizations. One of the major challenges is the lack of accurate and up-to-date inventory data. MRO items are often scattered across various locations, making it difficult to have a comprehensive view of the inventory. This can lead to overstocking or understocking, resulting in increased costs and operational inefficiencies. Another challenge is the high frequency and unpredictability of demand for MRO items. This makes it crucial to have a robust system in place for tracking inventory levels and demand patterns to ensure timely replenishment. Additionally, MRO items often have long lead times and sporadic availability, increasing the risk of equipment downtime if inventory is not properly managed. Overall, effective MRO inventory management requires accurate data, demand forecasting, and streamlined processes to mitigate these challenges and optimize maintenance operations.

This mind map was published on 26 October 2023 and has been viewed 68 times.