Reduce costs with MRO data cleansing

Defining MRO

In very simple terms, MRO is Maintenance, Repair and Operations or Maintenance, Repair and Overhaul (MRO). MRO is an integral part of MDM solutions provided by item master data management vendors.

Challenges in master data management

Technology has evolved and advanced to help organizations cut costs to a great extent. However, competition and ever increasing guidelines from environment organizations, government bodies has increased costs. A large organization with presence in multiple locations across the world, employees from different cultures, speaking different languages, multiple ERP systems faces a number of challenges regarding master data management. Data is sourced from different locations and sits in the master data on the central server. However, this data may not be in the same format and language. The problems that the company may face include-

Inability to search for and retrieve the right data at the right time. Money, time and invaluable resource time is spent in retrieving data when required.

Inventory management -Every enterprise deals with inventory in some form or the other and Inventory management is one of the key factors which contribute to reducing operational costs for businesses.

System downtime-System downtime cannot be completely avoided however it can be reduced. Hence, MRO comes into the picture

Duplication of data

Unidentifiable items

Decisions taken on the basis of inaccurate data do not enable enterprises to be competitive.

How does it work?

To get consistent quality data, a data-cleansing process must be implemented to create one corporate master data that can be maintained throughout the organization. The data cleansing process used would be unique for every enterprise since different organizations will have different data needs. The use of automated software applications combined with human intervention results in ensuring consistency, accuracy and efficiency. In the long run, to maintain the quality of data most enterprises offer services to maintain data management systems as well.

How does MRO help my business?

Improvement in Spend Management by Planning at Products Category Level.
Decrease in Obsolete Products Stock.
Reduce the Time Required to Locate the Parts in Warehouse.
Improved reporting capabilities  
Identification and elimination of duplicate items
Accurate data mapping
Improved overall functionality and return on investment
Elimination of false stock outs
Reduces equipment downtime

Verdantis offers customized MDM services to cater to your business requirements whether you’re a large or small enterprise. We provide flexible solution delivery to ensure you get the best out of your data.

Jessica is one of the most passionate marketing professionals in Verdantis. She is a strong proponent of MRO data cleansing for large enterprises. For her, data drives performance.